Citigroup Maintains Buy Rating for GreenTree Hospitality Gr: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of GreenTree Hospitality Gr GHG and lower its price target from $5.71 to $5.00.

Shares of GreenTree Hospitality Gr are trading up 1.08% over the last 24 hours, at $3.75 per share.

A move to $5.00 would account for a 33.33% increase from the current share price.

About GreenTree Hospitality Gr

GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised and managed hotels represent almost all the hotels in its hotel network. The hotel network of the company comprised approximately 4340 hotels with nearly 315335 rooms in China, covering all centrally administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all its revenue from China itself.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.