Belmond Ltd (BEL) was Upgraded by MKM Partners to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 12 from a previous price target of $9.50 . Earlier the firm had a rating of “Sell ” on the company shares. MKM Partners advised their investors in a research report released on Aug 4, 2016.
Belmond Ltd closed down -0.15 points or -1.31% at $11.26 with 4,61,067 shares getting traded on Tusday. Post opening the session at $11.41, the shares hit an intraday low of $11.21 and an intraday high of $11.46 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
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.