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.
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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 |
Strong Buy | 9 |
Buy | 7 |
Neutral | 1 |
Sell | 0 |
Strong Sell | 1 |
Total | 18 |
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 |
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