Jefferies Decides to Upgrade Belmond (NYSE:BEL) Stock

August 10, 2018 - By Tina Thibodeau

Belmond Ltd. (NYSE:BEL) Logo

Belmond (NYSE:BEL) Stock Upgrade

Belmond (NYSE:BEL) was increased by Jefferies from a “Hold” rating to a solid “Buy” rating in a research report issued on Friday morning.

Belmond Ltd. (NYSE:BEL) Ratings Coverage

Among 2 analysts covering Belmond Ltd (NYSE:BEL), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Belmond Ltd had 2 analyst reports since May 31, 2018 according to SRatingsIntel. The stock has “Underweight” rating by Barclays Capital on Tuesday, July 3. The rating was initiated by Jefferies with “Hold” on Thursday, May 31.

The stock increased 2.98% or $0.45 during the last trading session, reaching $15.55. About 2.33 million shares traded or 368.85% up from the average. Belmond Ltd. (NYSE:BEL) has declined 2.04% since August 11, 2017 and is downtrending. It has underperformed by 14.61% the S&P500.

Belmond Ltd. engages in the hotel and travel businesses. The company has market cap of $1.60 billion. As of December 31, 2016, the firm owned, invested in, or managed 34 deluxe hotels and resorts in the United States, Mexico, Caribbean, Europe, Southern Africa, South America, and Southeast Asia; 1 stand-alone restaurant in New York; 7 tourist trains in Europe, Southeast Asia, and Peru; 2 river cruises in Myanmar; and 1 canal boat business in France. It currently has negative earnings. The Company’s portfolio of hotels includes 3,272 individual guest rooms and multiple-room suites.

More notable recent Belmond Ltd. (NYSE:BEL) news were published by: Benzinga.com which released: “40 Stocks Moving In Thursday’s Pre-Market Session” on August 09, 2018, also Streetinsider.com with their article: “Pre-Open Movers 08/09: (BEL) (DNB) (YELP) Higher; (AMPE) (ELF) (RAD) Lower (more…)” published on August 09, 2018, Nasdaq.com published: “Mid-Day Market Update: iPass Drops After Q2 Results; Belmond Shares Surge” on August 09, 2018. More interesting news about Belmond Ltd. (NYSE:BEL) were released by: Nasdaq.com and their article: “Mid-Afternoon Market Update: Yelp Jumps Following Strong Q2 Earnings; elf Beauty Shares Slide” published on August 09, 2018 as well as Themiddlemarket.com‘s news article titled: “M&A wrap: TH Lee, Dun & Bradstreet, Rite Aid, Albertsons, Cerberus, private equity fundraising” with publication date: August 09, 2018.

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