Previous close | 29.90 |
Open | 28.86 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 28.86 - 28.86 |
52-week range | 26.80 - 43.00 |
Volume | |
Avg. volume | 391 |
Market cap | 7.763B |
Beta (5Y monthly) | 1.29 |
PE ratio (TTM) | 144.30 |
EPS (TTM) | 0.20 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 10 May 2019 |
1y target est | N/A |
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Accor is to sell part of its stake in a luxury hotel joint venture with the Hoxton boutique chain to a Qatari consortium, valuing the company at more than €2bn and signalling confidence in the top end of the market amid a worsening economic outlook. Europe’s largest hotel company launched the joint venture, which operates under the name Ennismore, in October through a merger of a quarter of its brands and the Hoxton hotels. As part of the deal, Accor will sell a 10.8 per cent stake in Ennismore to a group of Qatari investors for €185mn, with backing from Qatar First Bank, but will retain a majority shareholding.