Barclays Increases Hilton Grand Vacations (NYSE:HGV) Price Target to $54.00

Hilton Grand Vacations (NYSEHGV) is a timeshare real estate investment trust (REIT) that operates in North America and Europe. The company owns and manages a portfolio of luxury vacation properties, including condominium-style resorts and hotels.

On Friday, Barclays analysts raised their price target for Hilton Grand Vacations from $47.00 to $54.00 in a report issued on the NYSEHGV stock. This means that they believe the stock is undervalued and has the potential to increase in value by 19.65% from its previous close.

Barclays currently has an "overweight" rating on the stock, which indicates that they believe it will outperform the broader market. The brokerage firm's price target suggests that the stock is trading at a discount to its intrinsic value and has room for growth.

Other analysts have also weighed in on Hilton Grand Vacations. For example, JPMorgan Chase (JPM) has a "neutral" rating on the stock with a price target of $50.00, while Goldman Sachs (GS) has a "buy" rating and a price target of $62.00.

Overall, the analysts at Barclays believe that Hilton Grand Vacations is well-positioned for growth due to its strong portfolio of luxury properties, growing demand for timeshare vacations, and favorable market conditions.