Accor (AC)

  38.30
   
  • Change Today:
     -0.21
  • 52 Week High:  43.42
  • 52 Week Low:  29.52
  • Currency: Euro
  • Shares Issued: 428.63m
  • Volume: 765,186
  • Market Cap:  16,417m
  • Beta: 1.08

Broker snap: Goldman Sachs lowers the price target for Accor

Date: Monday 28 Nov 2011

LONDON (ShareCast) - Goldman Sachs has lowered its price target for French hotels operator Accor from €30 to €21 but maintained its neutral recommendation.

The US broker believes that leading indicators seem to point to a slowdown in spending. As such, it expects the average revenue per available room to fall 4% for middle to top-end rooms in 2012 compared to the 3% increase that was previously expected.

Within the tourism industry, Goldman Sachs continues to identify buying opportunities in other segments, such as leisure, transportation, and travel.

S.B.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Accor Market Data

Currency Euro
Share Price   38.30
Change Today   -0.21
% Change -0.55 %
52 Week High  43.42
52 Week Low  29.52
Volume 765,186
Shares Issued 428.63m
Market Cap  16,417m
Beta 1.08

What The Brokers Say

Strong Buy 9
Buy 7
Neutral 1
Sell 0
Strong Sell 1
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 28-Jun-2024

Time Volume / Share Price
17:35 19 @  38.30
17:35 48 @  38.30
17:35 166 @  38.30
17:35 267 @  38.30
17:35 209 @  38.30

Top of Page