JMP Securities Initiates Belmond With Outperform

JMP Securities initiated coverage on shares of Belmond BEL with a Outperform rating. The target price for Belmond is set to $16. Belmond shares have dropped 29.23% over the past 52 weeks, while the S&P 500 index has gained 15.27% in the same period. Belmond's shares rose 0.09% to close at $11.04 yesterday.