InterContinental Hotels Group PLC (LON:IHG) has received a consensus rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 4,460.83 ($61.63).
IHG has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of InterContinental Hotels Group from GBX 3,540 ($48.91) to GBX 3,680 ($50.84) and gave the company an “underweight” rating in a research note on Friday, January 12th. Barclays reissued an “equal weight” rating and issued a GBX 4,000 ($55.26) target price on shares of InterContinental Hotels Group in a research note on Thursday, January 11th. Credit Suisse Group upped their target price on shares of InterContinental Hotels Group from GBX 5,100 ($70.46) to GBX 5,800 ($80.13) and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. Liberum Capital upped their target price on shares of InterContinental Hotels Group from GBX 4,600 ($63.55) to GBX 4,950 ($68.39) and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, Bryan, Garnier & Co reissued a “sell” rating and issued a GBX 4,100 ($56.65) target price on shares of InterContinental Hotels Group in a research note on Tuesday, February 20th.
InterContinental Hotels Group (LON:IHG) traded down GBX 4 ($0.06) during midday trading on Wednesday, reaching GBX 4,586 ($63.36). 325,703 shares of the company were exchanged, compared to its average volume of 673,272. The company has a market capitalization of $8,710.00 and a PE ratio of 2,065.77. 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).
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.
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