Wells Fargo Keeps Their Hold Rating on Chesapeake Lodging (CHSP)

By Carrie Williams

In a report released yesterday, Jeffrey Donnelly from Wells Fargo maintained a Hold rating on Chesapeake Lodging (CHSPResearch Report). The company’s shares closed yesterday at $26.47.

According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 12.9% and a 68.5% success rate. Donnelly covers the Financial sector, focusing on stocks such as American Assets Trust, Essex Property Trust, and VICI Properties Inc.

Chesapeake Lodging has an analyst consensus of Hold, with a price target consensus of $27, implying a 2.0% upside from current levels. In a report issued on August 2, Deutsche Bank also maintained a Hold rating on the stock with a $27 price target.

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The company has a one-year high of $33.81 and a one-year low of $23.68. Currently, Chesapeake Lodging has an average volume of 340.3K.

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Chesapeake Lodging Trust operates as a self-advised real estate investment trust. It engages in the management and operation of hotels. The firm focuses on investments primarily in upper-upscale hotels in major business and convention markets.