Deutsche Bank Maintains Belmond Ltd to Buy with Price Target $13.00

Brokerage firm Deutsche Bank Maintains its rating on Belmond Ltd(NYSE:BEL). In a research note issued to the investors, the brokerage major Raises the price-target to $13.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 5, 2016.

In a different note, On Aug 4, 2016, MKM Partners said it Upgrades its rating on Belmond Ltd. The shares have been rated ‘Neutral’ by the firm.

Belmond Ltd (BEL) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.18% at a volume of 2,86,707. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.445. The peak price level was also seen at $11.445 while the days lowest was $11.29. Finally the shares closed at $11.38. The 52-week high of the shares is $12.04 while the 52-week low is $7.31. According to the latest information available, the market cap of the company is $1,363 M.

Belmond Ltd(BEL) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $158.10M. Analysts had an estimated revenue of $163.25M. Earnings per share were $0.04. Analysts had estimated an EPS of $0.09.

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. Belmond’s 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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