Diamondrock (DRH) Receives a Hold from Barclays

By Austin Angelo

In a report released yesterday, Anthony Powell from Barclays maintained a Hold rating on Diamondrock (DRHResearch Report), with a price target of $10. The company’s shares closed last Monday at $9.44.

According to TipRanks.com, Powell is a 3-star analyst with an average return of 2.0% and a 43.2% success rate. Powell covers the Financial sector, focusing on stocks such as Hersha Hospitality Trust, Apple Hospitality REIT, and Host Hotels & Resorts.

Currently, the analyst consensus on Diamondrock is a Hold with an average price target of $10.50, which is an 11.1% upside from current levels. In a report issued on August 7, Deutsche Bank also maintained a Hold rating on the stock with a $11 price target.

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The company has a one-year high of $12.08 and a one-year low of $8.70. Currently, Diamondrock has an average volume of 1.8M.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock.

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DiamondRock Hospitality Co. is a real estate investment trust which focuses on lodging properties. It engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in July 2004 and is headquartered in Bethesda, MD.