InterContinental Hotels Group PLC (LON:IHG) Given Average Recommendation of “Hold” by Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given an average rating of “Hold” by the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 7,025.

IHG has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of InterContinental Hotels Group in a research note on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 150 price objective on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th.

InterContinental Hotels Group Price Performance

LON IHG opened at GBX 151.10 on Tuesday. InterContinental Hotels Group has a 12 month low of GBX 80.74 and a 12 month high of GBX 152. The stock has a market cap of £225.05 million, a price-to-earnings ratio of 0.31, a PEG ratio of 1.69 and a beta of 1.03. The company’s 50 day moving average is GBX 138.63 and its two-hundred day moving average is GBX 3,399.89. The company has a current ratio of 0.97, a quick ratio of 1.35 and a debt-to-equity ratio of -181.87.

Insider Activity

In related news, insider Nicholas Cadbury acquired 700 shares of InterContinental Hotels Group stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average price of £134.34 per share, for a total transaction of £94,038. 2.73% of the stock is currently owned by insiders.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.