Analysts at Raymond James increased their price target on shares of Strategic Hotels & Resorts (NYSE: BEE) from $7.00 to $8.50 in a research report issued to clients and investors on Monday.
A number of other analysts have also recently weighed in on BEE. Analysts at MLV Capital raised their price target on shares of Strategic Hotels & Resorts from $9.00 to $10.00 in a research note to investors on Monday. Separately, analysts at JMP Securities raised their price target on shares of Strategic Hotels & Resorts from $8.00 to $9.00 in a research note to investors on Friday. Finally, analysts at ISI Group downgraded shares of Strategic Hotels & Resorts from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, January 16th. They now have a $8.00 price target on the stock.
Four analysts have rated the stock with a buy rating, one has issued an overweight rating, two have issued a hold rating, and one has issued an underweight rating to the stock. Strategic Hotels & Resorts has an average rating of “overweight” and an average target price of $8.00.
Strategic Hotels & Resorts traded down 0.53% on Monday, hitting $7.44. Strategic Hotels & Resorts has a 52-week low of $5.44 and a 52-week high of $8.11. The stock’s 50-day moving average is currently $7.24. The company’s market cap is $1.520 billion.
Strategic Hotels & Resorts, Inc. (SHR) is a self-administered and self-managed real estate investment trust (REIT).
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