Belmond Ltd. (BEL) Receives Price Target

Belmond Ltd. (BEL) : The highest level Belmond Ltd. (BEL) is projected to reach is $13 for the short term and the lowest estimate is at $11. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $12.25 and the possibility the share price can swing is $0.96.

Belmond Ltd. (BEL) : The consensus on Belmond Ltd. (BEL) based on 4 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Belmond Ltd. (NYSE:BEL). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank raises the price target from $12 per share to $13 per share. The rating by the firm was issued on August 5, 2016.

Belmond Ltd. (NYSE:BEL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.21 and $11.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.33, notching a gain of 1.43% for the day. The total traded volume was 293,242 . The stock had closed at $11.17 on the previous day.

Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. Belmond manages around 45 properties, consisting of around 35 individual deluxe hotels, one stand-alone restaurant, six tourist trains and three river/canal cruise businesses. Belmonds 45 properties operate in approximately 22 countries. Belmond operates in six segments: owned hotels-Europe, owned hotels-North America, owned hotels-Rest of World, part-owned/managed hotels, owned trains and cruises, and part-owned/managed trains. Its properties include hotels, such as Belmond Hotel Cipriani, Belmond Hotel Splendido and Belmond Splendido Mare, Belmond Villa San Michele, Belmond Hotel Caruso, Belmond Khwai River Lodge, Belmond Eagle Island Lodge and Belmond Savute Elephant Lodge, among others, and trains and cruises, such as Belmond British Pullman, Belmond Northern Belle, Belmond Royal Scotsman, Belmond Road to Mandalay and Eastern & Oriental Express, among others.

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