Melia : Market has overplayed the contraction; Buy, new target price of € 13.50
>Sharp de-rating of the stock for the past few months, at odds with the sector and consensus forecasts - Melia's share price has shed 20% over the last three months, half of which since the Q2 figures were released end-July. By way of comparison, the S&P Travel & Leisure index dropped by just -4%. In the meantime, the consensus estimates for 2018 and 2019 EPS have remained fairly stable at an average of -2%. This weakness in the share price in the summer period, when ...Melia Hotels International is the parent company of a group engaged in the acquisition, management and operation of hotels. Co. operates its hotel network in Germany, Argentina, Brazil, Bulgaria, Cabo Verde, Chile, China, Costa Rica, Croatia, Cuba, Egypt, Spain, United States, France, Greece, Netherlands, Indonesia, Italy, Luxembourg, Malaysia, Mexico, Panama, Peru, Portugal, Puerto Rico, United Kingdom, Dominican Republic, Singapore, Switzerland, Tunisia, Uruguay, Venezuela and Vietnam under the followings brandnames: Paradisus Resorts®, Melia Hotels & Resorts®, TRYP Hoteles® and Sol Hotels & Resorts®.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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