BEL Crosses Above Average Analyst Target
September 23, 2016 at 10:11 AM EDT
In recent trading, shares of Belmond Ltd (BEL) have crossed above the average analyst 12-month target price of $12.25, changing hands for $12.40/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..