Meliá fights to stay positive in the year on the stock market. The stock bounces 2.3% from January after yesterday’s rise.
Meliá started the year with great force on the market, trying to raise its head after being one of the most bearish values of the Ibex 35 of 2020 – it plummeted 30% -. Until the beginning of March it recovered 27.6%, but later in June its titles returned to the levels at which they began 2021 and even to be below. The stock is now trying to stay positive in the year and with yesterday’s rise of 1.25%, it achieves a slight rebound of 2.3%.
The hotel company does not finish convincing the consensus of FactSet analysts that it is time to enter the value, since it recommends keeping its securities in the portfolio. However, if its forecasts are fulfilled, for the next 12 months its actions will advance more than 18% until reaching 6.77 euros, levels prior to the pandemic that it recovered at the beginning of the year.
There are stocks that have crossed the line in recent sessions. IAG fell 1% in the year and Aena did it 6.4%. The hotel company is not the only selective Spanish company that is about to retrace its steps. Red Eléctrica advanced less than 2%, Viscofan 3.1%, Enagás did 5.3% and Colonial exceeded the prices at which the year began by 6.1%.