In recent trading, shares of DiamondRock Hospitality Co. (DRH) have surpassed the average analyst 12-month target price of $10.22, currently trading at $10.29. Analysts often reassess target prices following such movements, influenced by the company’s underlying business developments. Among nine analysts covering the stock, targets vary from a low of $8.00 to a high of $11.00, with a standard deviation of $1.063.
The current breakdown of analyst ratings shows 2 Strong Buy, 6 Hold, and 1 Sell, averaging a rating of 2.67 on a scale where 1 is Strong Buy and 5 is Strong Sell. This data, provided by Zacks Investment Research, indicates a cautious optimism from analysts following the stock’s rise above its target price.
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