InterContinental Hotels Group’s (IHG) “Outperform” Rating Reiterated at Credit Suisse Group

InterContinental Hotels Group (LON:IHG)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday. They presently have a GBX 5,800 ($80.13) target price on the stock. Credit Suisse Group’s price target suggests a potential upside of 24.12% from the stock’s current price.

IHG has been the subject of several other research reports. Barclays reaffirmed an “equal weight” rating and set a GBX 4,000 ($55.26) price target on shares of InterContinental Hotels Group in a report on Thursday, February 1st. Kepler Capital Markets reaffirmed a “reduce” rating and set a GBX 3,750 ($51.81) price target on shares of InterContinental Hotels Group in a report on Friday, October 20th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 3,450 ($47.67) price target on shares of InterContinental Hotels Group in a report on Monday, October 23rd. Liberum Capital reaffirmed a “hold” rating and set a GBX 4,600 ($63.55) price target on shares of InterContinental Hotels Group in a report on Friday, October 20th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of InterContinental Hotels Group in a report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. InterContinental Hotels Group presently has a consensus rating of “Hold” and an average price target of GBX 4,175 ($57.68).

Shares of InterContinental Hotels Group (IHG) opened at GBX 4,673 ($64.56) on Thursday. InterContinental Hotels Group has a twelve month low of GBX 3,656 ($50.51) and a twelve month high of GBX 4,944 ($68.31). The stock has a market capitalization of $8,780.00 and a price-to-earnings ratio of 2,920.63.

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About InterContinental Hotels Group

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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