Diamondrock (DRH) Gets a Hold Rating from Deutsche Bank

By Ryan Adsit

Deutsche Bank analyst Chris Woronka maintained a Hold rating on Diamondrock (DRHResearch Report) on November 7 and set a price target of $12. The company’s shares opened today at $10.48.

According to TipRanks.com, Woronka is a 1-star analyst with an average return of -0.5% and a 47.7% success rate. Woronka covers the Financial sector, focusing on stocks such as Park Hotels & Resorts Inc, Hertz Global Holdings Inc, and Lasalle Hotel Properties.

Diamondrock has an analyst consensus of Hold, with a price target consensus of $11, which is a 5.0% upside from current levels. In a report issued on November 1, Wells Fargo also downgraded the stock to Hold with a $11 price target.

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The company has a one-year high of $12.99 and a one-year low of $9.87. Currently, Diamondrock has an average volume of 2.11M.

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DiamondRock Hospitality Co. is a real estate investment trust with interests in hotels and resorts portfolio. Its activities include owning and management of lodging properties. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in July 2004 and is headquartered in Bethesda, MD.