Priceline Group Inc (PCLN) is Reiterated by The Benchmark Company to Buy, Raises Price Target to $ 1600

Priceline Group Inc (PCLN) was Reiterated by The Benchmark Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 1600 from a previous price target of $1440 . The Benchmark Company advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Priceline Group Inc. Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 1450 from a previous price target of $1330 .Morgan Stanley Upgraded Priceline Group Inc on Jun 30, 2016 to ” Overweight”, Price Target of the shares are set at $1525.Company shares were Upgraded by Barclays on Jun 22, 2016 to ” Overweight”, Firm has raised the Price Target to $ 1500 from a previous price target of $1300 .

On the company’s financial health, Priceline Group Inc reported $13.93 EPS for the quarter, beating the analyst consensus estimate by $ 1.27 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $12.66. The company had revenue of $2556.00 million for the quarter, compared to analysts expectations of $2592.37 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.45 EPS.

Priceline Group Inc closed down -11.15 points or -0.81% at $1359.99 with 13,21,562 shares getting traded on Thursday. Post opening the session at $1358.4, the shares hit an intraday low of $1344.32 and an intraday high of $1363.68 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 2, 2016, Jeffery H Boyd (Interim CEO & President) sold 3,000 shares at $1,354.01 per share price. According to the SEC, on Jul 19, 2016, Gillian Tans (President & CEO, sold 131 shares at $1,327.89 per share price. On Mar 18, 2016, Daniel J Finnegan (Chief Financial Officer) sold 5,871 shares at $1,341.93 per share price, according to the Form-4 filing with the securities and exchange commission.

The Priceline Group Inc. is a provider of online travel and travel related reservation and search services. The Company through its online travel agent (OTA) services connects consumers wishing to make travel reservations with providers of travel services across the world. The Company’s brands include KAYAK and OpenTable. The Company offers consumers accommodation reservations including hotels bed and breakfasts hostels apartments vacation rentals and other properties through its and brands. Its brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website The Company also provides an online price comparison service from various travel Websites through KAYAK. OpenTable provides its services to consumers and reservation management services to restaurants.

Priceline Group Inc

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