Deutsche Bank AG Cuts Belmond Ltd (NYSE:BEL) Price Target to $12.00

Belmond Ltd (NYSE:BEL) had its price target cut by equities research analysts at Deutsche Bank AG from $13.00 to $12.00 in a research report issued to clients and investors on Wednesday, November 8th. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s target price indicates a potential downside of 4.00% from the stock’s previous close.

Several other research firms have also commented on BEL. BidaskClub lowered shares of Belmond from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Barclays PLC reissued an “overweight” rating and set a $15.00 price objective (down from $16.00) on shares of Belmond in a report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Belmond from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.00.

Belmond (NYSE BEL) traded up $0.05 during trading hours on Wednesday, reaching $12.50. 320,921 shares of the company traded hands, compared to its average volume of 337,883. Belmond has a 1-year low of $11.00 and a 1-year high of $14.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.92 and a quick ratio of 1.77. The company has a market capitalization of $1,274.12, a price-to-earnings ratio of 65.53 and a beta of 1.18.

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Belmond by 2,439.0% during the second quarter. JPMorgan Chase & Co. now owns 50,654 shares of the company’s stock worth $674,000 after acquiring an additional 48,659 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Belmond by 2.9% during the second quarter. Nationwide Fund Advisors now owns 71,187 shares of the company’s stock worth $947,000 after acquiring an additional 1,975 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Belmond by 51.1% during the second quarter. BNP Paribas Arbitrage SA now owns 29,150 shares of the company’s stock worth $388,000 after acquiring an additional 9,862 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Belmond by 2.0% during the first quarter. Teachers Advisors LLC now owns 1,312,538 shares of the company’s stock worth $15,882,000 after acquiring an additional 25,382 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. bought a new position in shares of Belmond during the second quarter worth $2,374,000. Hedge funds and other institutional investors own 77.76% of the company’s stock.

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About Belmond

Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.

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