HTHT - Huazhu Group Limited: 52-Week High Recently Eclipsed (HTHT)
Shares of Huazhu Group Limited (NASDAQ:HTHT) traded at a new 52-week high today of $177.20. Approximately 62 million shares have changed hands today, as compared to an average 30-day volume of 2.7 million shares.
There is potential upside of 7.0% for shares of Huazhu Group Limited based on a current price of $32.59 and an average consensus analyst price target of $34.87.
Huazhu Group Ltd is a China-based hotel group. It operates in the leased, manachised and franchised models. The lease model involves operating hotels located on leased properties. The manachised model involves management of hotels through on-site hotel managers appointed by the group and fees are collected from franchisees. The franchise model includes providing training and reservation and support services to the franchised hotels but on-site hotel managers are not appointed. Brands under which it operates hotels are Joya Hotel, Manxin Hotels and Resorts, JI Hotel, Starway Hotel, Elan Hotel, HanTing Hotel, and Hi Inn. Revenues are derived from operating leased hotels and franchise and service fees from their manachised and franchised hotels.
In the past 52 weeks, Huazhu Group Limited share prices are bracketed by a current low of $21.80 and a high of $61.51 and is now at $32.59.
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