InterContinental Hotels Group (LON:IHG) Rating Reiterated by Barclays

InterContinental Hotels Group (LON:IHGGet Rating)‘s stock had its “overweight” rating reissued by analysts at Barclays in a research report issued on Thursday, LSE.Co.UK reports. They currently have a GBX 5,700 ($71.21) target price on the stock. Barclays‘s target price indicates a potential upside of 9.70% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 5,610 ($70.08) price objective on shares of InterContinental Hotels Group in a research report on Wednesday, February 23rd. Morgan Stanley reissued an “equal weight” rating and issued a GBX 5,500 ($68.71) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, April 26th. Berenberg Bank restated a “buy” rating and issued a GBX 5,700 ($71.21) price objective on shares of InterContinental Hotels Group in a report on Wednesday, March 23rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of InterContinental Hotels Group in a research report on Tuesday, March 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, InterContinental Hotels Group has an average rating of “Hold” and an average target price of GBX 5,635 ($70.39).

IHG opened at GBX 5,196 ($64.91) on Thursday. The business has a fifty day moving average price of GBX 5,078.31 and a 200 day moving average price of GBX 4,948.86. InterContinental Hotels Group has a 12 month low of GBX 4,300 ($53.72) and a 12 month high of GBX 5,386 ($67.28). The stock has a market capitalization of £9.56 billion and a price-to-earnings ratio of 45.08.

InterContinental Hotels Group Company Profile (Get Rating)

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.

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Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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