Jurys Inns to generate growth for hotel group, says analyst

SHARES in Jurys Doyle are undervalued, according to Dolmen Securities who believe there is a 23% upside in the shares over the next 12 months.

Dolmen analyst Stuart Draper says the shares are a buy at 7.15 and has put a price target of 8.80 on the shares in the next 12 months.

Mr Draper believes the company’s Jury’s Inn product offers significant growth potential. Further Jurys Inns in Newcastle, Glasgow, Leeds, Chelsea and Parnell St, Dublin, as well as the Jurys Boston Hotel, are all scheduled to open between Autumn 2003 and Summer 2004, with Jurys Inn Newcastle opening next week.