B. Riley Believes RLH Still Has Room to GrowBy Ryan Adsit
In a report issued on November 18, Eric Wold from B. Riley maintained a Buy rating on Red Lion Hotels (NYSE: RLH), with a price target of $11. The company’s shares closed yesterday at $9.20, close to its 52-week high of $9.40.
According to TipRanks.com, Wold is a top 100 analyst with an average return of 14.3% and a 71.6% success rate. Wold covers the Services sector, focusing on stocks such as Salem Communications Corp., Reading International Inc, and Cinemark Holdings Inc.
Red Lion Hotels has an analyst consensus of Moderate Buy, with a price target consensus of $11.
The company has a one year high of $9.40 and a one year low of $5.45. Currently, Red Lion Hotels has an average volume of 45.32K.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Raymond Brandstrom, a Director at RLH bought 1,000 shares for a total of $7,030.
Red Lion Hotels Corp. is a hospitality and leisure company, which engages in the franchising, management and ownership of hotels under proprietary brands, including Red Lion Hotels, Red Lion Inns & Suites and Leo Hotel Collection. The company operates its business through following segments: Hotels, Franchise Hotels and Entertainment. The Hotels segment provides guest rooms and food & beverage operations at its owned and leased hotels. The Franchise Hotels segment is engaged primarily in licensing the Red Lion brand to franchisees. The Entertainment segment is primarily engaged in ticketing services and promotion and presentation of entertainment productions under the operations of TicketsWest and WestCoast Entertainment. It offers ticketing inventory management systems, call center services, and outlet/electronic channel distribution for event locations. The company was founded in 1937 and is headquartered in Spokane, WA.