InterContinental Hotels Group (LON:IHG) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

InterContinental Hotels Group (LON:IHGGet Rating)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank Aktiengesellschaft in a report released on Monday, LSE.Co.UK reports. They currently have a GBX 5,700 ($71.21) price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 16.64% from the company’s previous close.

IHG has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of InterContinental Hotels Group in a research report on Tuesday, March 8th. Barclays reissued an “overweight” rating and set a GBX 5,700 ($71.21) price target on shares of InterContinental Hotels Group in a research report on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 5,700 ($71.21) price target on shares of InterContinental Hotels Group in a research report on Wednesday, March 23rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a GBX 5,500 ($68.71) price target on shares of InterContinental Hotels Group in a research report on Tuesday, April 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, InterContinental Hotels Group has an average rating of “Buy” and an average target price of GBX 5,650 ($70.58).

LON:IHG opened at GBX 4,887 ($61.05) on Monday. The stock’s 50-day simple moving average is GBX 5,068.23 and its 200 day simple moving average is GBX 4,949.21. The company has a market cap of £8.99 billion and a P/E ratio of 41.70. InterContinental Hotels Group has a 52-week low of GBX 4,300 ($53.72) and a 52-week high of GBX 5,386 ($67.28).

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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