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Stock Investors Bid Up Shares of Orient-Express Hotels, Up 2.1%

Published on Fri, 01/25/2013 - 13:17
By Adrienne Chilton

Orient-Express Hotels (NYSE:OEH), a company whose shares are moving quickly, is trading 2.1% higher to $11.60. The Dow Jones Industrial Average is now trading 0.4% higher to 13,876 and the S&P is trading 0.4% higher to 1,500.

There is potential upside of 6.1% for shares of Orient-Express Hotels based on a current price of $11.60 and an average consensus analyst price target of $12.31. The stock should hit resistance at its 50-day moving average (MA) of $11.72, as well as support at its 200-day MA of $9.85.

Orient-Express Hotels Ltd. owns and operates luxury hotels, tourist trains, a river cruise ship, and restaurants. The Company's properties include Hotel Cipriani in Venice, Italy, Reid's Palace in Madeira, Portugal, Copacabana Palace in Rio de Janeiro, Brazil, and the 21 Club in New York City, in the United States.

In the past 52 weeks, Orient-Express Hotels share prices have been bracketed by a low of $7.52 and a high of $13.13 and are now at $11.60, 54% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.03% higher over the past week, respectively.

By Adrienne Chilton