Belmond Ltd. (BEL) Shares are Up 0.88%

Belmond Ltd. (BEL) has been under a strong bear grip, hence the stock is down -0.99% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.92% in the past 1 week. The stock has risen by 0.88% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.61% in the past 4 weeks.

Belmond Ltd. is up 27.52% in the last 3-month period. Year-to-Date the stock performance stands at 20%. The stock has recorded a 20-day Moving Average of 0.14% and the 50-Day Moving Average is 7.11%.


Belmond Ltd. (NYSE:BEL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.39 and $11.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.40, notching a gain of 0.09% for the day. The total traded volume was 231,912 . The stock had closed at $11.39 on the previous day.

Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Belmond Ltd. (NYSE:BEL). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm 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. (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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