Greenhill & Co. with ticker code (GHG) now have 6 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 19.98 and 15.98 calculating the average target price we see 17.71. With the stocks previous close at 10.53 this would imply there is a potential upside of 68.2%. The day 50 moving average is 12.54 and the 200 day moving average is 13. The market cap for the company is $1,080m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="GHG" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] GreenTree Hospitality Group Ltd., through its subsidiaries, develops and sells leased-and-operated, and franchised-and-managed hotels under the GreenTree brand in the People''s Republic of China. As of December 31, 2020, it operated 40 leased-and-operated hotels; and had franchised-and-managed hotels network consisting of 4,300 hotels with 315,335 rooms in operation covering 345 cities in China, and an additional 1,186 hotels with 83,106 rooms that were contracted for or under development.
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It was no surprise that hotels were among the social distance losers during the pandemic. When lockdowns went into effect, reservations were canceled, properties shuttered, and staff sent home. With uncertainty hanging in the air, hotel profitability took a massive hit, falling 34.3% in 2020 the worst of any industry except for airlines, which fell 58.8%. [1] However, since the spring of 2020, hotel stocks have rebounded sharply on investor optimism over a faster economic reopening. Shares of Wyndham Hotels & Resorts (NYSE:WH) increased 160%, for example, while Marriott International Inc.s (NASDAQ:MAR) stock rose 100% since April 1, 2020. [2] As recovery from the pandemic has accelerated in some markets, analysts have revised expectations for hotels upwards, particularly in China and the U.S. Analysts expect the industrys recovery will be uneven, however, given lingering challenges stemming from the pandemic. Leisure travel leads the way While the travel industry is showing signs of life, some notable trends taking shape will impact the financials and stock performance of many of the larger chains.
All the major Jamaica Stock Exchange (JSE) indices declined for the week ending June 25, 2021. The JSE Index declined by 1.42 per cent to 431,109.83 which leaves it up 8.97 per cent for the year. The other major indices closed out the week as mentioned: JSE All Jamaican Composite Index, 471,552.19; JSE Select Index, 10,707.00; JSE Cross Listed Index, 91.93; Junior Market Index, 3,338.17; JSE Financial Index, 107.29; JSE Manufacturing and Distribution Index, 106.13. Of the 109 stocks which traded in the week, 46 advanced higher, 54 declined and 9 held firm. Wigton Windfarm Limited, TransJamaican Highway Limited, and Future Energy Source Company Limited were the largest traded stocks by volume for the week. Winners MPC Caribbean Clean Energy Limited (MPCCEL), Jamaican-dollar (JMD) shares, was the largest winner of the week as its stock price rose by 27 per cent to $148.49. Eppley Caribbean Property Fund - Value Fund and ISP Financial Services Limited rose by more than 18 per cent each to close at $42.92 and $17.98 respectively.
NCB Global Holdings Limited (NCBGH), which placed two million shares in Guardian Holdings Limited on The post NCB Global to return some funds to Guardian share buyers appeared first on Caribbean Business Report .
As a part of its mandate to cross-list shares in Guardian Holdings Limited (GHL), NCB Capital Markets Limited (NCBCM) executed on a market-making strategy to create liquidity in the stock on the Jamaica Stock Exchange (JSE). This initiative, along with the support of other brokers, saw over 2,550 new shareholders being added to the registry and over nine million GHL shares deposited in the Jamaica Central Securities Depository. The strategy involved facilitating the move of GHL shares from Trinidad & Tobago to be traded on the JSE open market, as well as through the recently concluded Invitation for Offers to Purchase Shares in GHL, which was designed to ensure the widest possible participation. In line with the prospectus, the Invitation was closed at 4:30 pm on Friday, June 11, 2021. Over 1,790 investors participated and received 100 per cent allocation of the shares subscribed for. The Invitation for the purchase of up to two million GHL shares was facilitated by NCB Global Holdings Limited (NCBGH) to assist in creating liquidity in the stock on the JSE.
Greenhill & Co. found using ticker (GHL) now have 4 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 22 and 15 with the average target price sitting at 17.5. Now with the previous closing price of 15.22 this now indicates there is a potential upside of 15.0%. There is a 50 day moving average of 17.05 and the 200 day MA is 15.29. The market capitalisation for the company is $297m. Company Website: /> [stock_market_widget type="chart" symbol="GHL" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Greenhill & Co., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services related to mergers and acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction''s life cycle ranging from initial structuring and negotiation to final execution.
Editor''s Note - The following is the Equity Research Report done by JN Fund M anagers Limited on Guardian Holdings. THE Guardian Holdings Limited (GHL or the Company) is a Trinidadian company which is the parent company for an integrated financial services group known as Guardian Group. The group provides integrated diversified financial services focusing on life, health, property and casualty insurance, pensions and asset management. The Guardian Group currently serves most countries across the English- and Dutch-speaking Caribbean including The Bahamas, the Cayman Islands, the US Virgin Islands and Belize. In 2019 NCB Financial Group (NCBFG) became the ultimate parent company of Guardian Holdings Limited (GHL) and now controls approximately 62 per cent of the shares outstanding. Currently, the shares of GHL are listed on both the Trinidad and Tobago as well as the Jamaica Stock Exchanges. Analyst opinion Guardian is one of the region''s leading financial institutions with a long history of delivering strong revenue growth and profitability.
Greenhill & Co. found using ticker (GHL) have now 4 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 22 and 15 and has a mean target at 17.5. Given that the stocks previous close was at 17.36 this would indicate that there is a potential upside of .8%. The 50 day MA is 17.39 while the 200 day moving average is 15.15. The company has a market capitalisation of $345m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="GHL" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Greenhill & Co., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services related to mergers and acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction''s life cycle ranging from initial structuring and negotiation to final execution.
GUARDIAN Holdings Limited, which recently cross-listed on the Jamaica Stock Exchange (JSE), could execute a stock split sometime in the future. Speaking on Taking Stock with Kalilah Reynolds, CEO of Guardian Holdings Ravi Tewari said a stock split was discussed prior to relisting. He added that it remains on the cards. "Business is quite fluid so we will make the appropriate decision at the appropriate time. What we do can change from time to time [but] with some of the changes to the rules in terms of the number of shares that can be owned and traded, we don''t see it [the stock split] as a particular issue at the moment," said Tewari. "It is always something on the table," he added, when pressed. A stock split increases the number of shares in a company without changing the company''s overall value. Shareholders can be offered two, three, four or any number of shares for each of their existing shares, but the overall value of their shareholding remains the same. For example, if a person owns 100 shares in a company at $50 each, the total value of all their shares is $5,000.
Greenhill & Co. found using ticker (GHL) have now 4 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 22 and 15 calculating the average target price we see 17.5. With the stocks previous close at 17.4 this indicates there is a potential upside of .6%. There is a 50 day moving average of 17.33 and the 200 day MA is 14.96. The market capitalisation for the company is $334m. Company Website: /> [stock_market_widget type="chart" symbol="GHL" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Greenhill & Co., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services related to mergers and acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction''s life cycle ranging from initial structuring and negotiation to final execution. It also advises clients on strategic matters, including activist shareholder defense, special committee projects, licensing deals, and joint ventures; and valuation, negotiation tactics, industry dynamics, structuring alternatives, and timing and pricing of transactions, as well as financing alternatives.
DESPITE being relisted to the Jamaica Stock Exchange (JSE) on May 5 after 13 years, local investors had limited options to access the shares of regional insurance giant Guardian Holdings Limited (GHL). However, NCB Financial Group Limited (NCBFG) has decided to improve the opportunity for access through the sale of 2 million shares. These 2 million shares are worth approximately $1.6 million. Cross-listing of shares of companies onto the JSE facilitates the option for both domestic and foreign investors to do an interCSD (central securities depository) to move their holdings to another market where the shares are traded. In the case of GHL, this would mean Trinidadian investors could transfer shares from the Trinidad and Tobago Stock Exchange (TTSE) to the JSE. However, this process is not immediate and takes some time before the shares would be readily accessible on the JSE, since GHL listed by introduction and not by a secondary capital raise. Chief executive officer of NCB Capital Markets Limited (NCBCM) Steven Gooden stated in a brief call with the Jamaica Observer''s Caribbean Business Report , "After having cross-listed Guardian Holding Limited''s shares, the intention was to get the liquidity levels up by making a secondary market offer." Although there has been a trade in GHL every day since listing on the JSE, the availability of shares is a big issue.
Less than two weeks after Guardian Holdings Limited relisted on the Jamaica Stock Exchange, NCB The post NCB Global Holdings to sell two million Guardian shares at a discount appeared first on Caribbean Business Report .
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