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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Accor    AC   FR0000120404

ACCOR

(AC)
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Accor Sells 5% Stake in Huazhu for $451 Million

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12/05/2019 | 02:29am EDT

By Pietro Lombardi

French hotel group Accor has agreed to sell a 5% stake in hotel group Huazhu Group for $451 Million, it said Thursday.

The French company will keep a 5% stake in Huazhu, and Accor's Chief Executive Sebastien Bazin will remain on the board of Huazhu.

"Accor and Huazhu will continue to develop their successful partnership and growth dynamic initiated four years ago, which has enabled the openings of 200 economy and midscale hotels in China, mainly under the ibis, Novotel and Mercure brands," it said.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
ACCOR -0.24% 24.74 Real-time Quote.-40.60%
AT HOME GROUP INC. 3.91% 6.64 Delayed Quote.20.73%
HUAZHU GROUP LIMITED 4.33% 34.24 Delayed Quote.-14.55%
JUST GROUP PLC -4.49% 48.9 Delayed Quote.-35.19%
WILL GROUP, INC. 0.32% 636 End-of-day quote.-49.20%
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Financials
Sales 2020 2 312 M 2 598 M 2 598 M
Net income 2020 -222 M -249 M -249 M
Net Debt 2020 1 388 M 1 560 M 1 560 M
P/E ratio 2020 -19,3x
Yield 2020 0,66%
Capitalization 6 624 M 7 447 M 7 444 M
EV / Sales 2019
EV / Sales 2020 3,47x
Nbr of Employees 19 254
Free-Float 76,4%
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Technical analysis trends ACCOR
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 28,85 €
Last Close Price 24,80 €
Spread / Highest target 55,2%
Spread / Average Target 16,3%
Spread / Lowest Target -23,4%
EPS Revisions
Managers
NameTitle
Sébastien M. Bazin Chairman & Chief Executive Officer
Jean-Jacques Morin Deputy CEO & Chief Financial Officer
Sophie Gasperment Independent Non-Executive Director
Iris Knobloch Vice Chairman
Iliane Dumas Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ACCOR-40.60%7 447
MARRIOTT INTERNATIONAL., INC.-42.02%28 470
HILTON WORLDWIDE HOLDINGS INC.-32.81%20 662
HUAZHU GROUP LIMITED-14.55%9 806
INTERCONTINENTAL HOTELS GROUP PLC-28.67%8 373
HYATT HOTELS CORPORATION-42.49%5 218