Jurys is well equipped to emerge strongly

WITH fears over Iraq having dissipated and the SARS virus widely contained, one would have thought that shares in Jurys Doyle Hotel group would have performed a little better of late.

While its UK and European peers have been moving higher over recent weeks, Jurys continues to laughish around €7, substantially lower than the € 11 level traded at this time last year.

Profit forecasts have certainly been under pressure, with 11% downgrades to 2003 and 2004 earnings following the company’s AGM last Monday. This, however, is not a feature unique to Jurys, as hotel stocks worldwide have faced downgrades.