InterContinental Hotels Group (LON:IHG – Get Rating)‘s stock had its “overweight” rating restated by equities researchers at Barclays in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 5,400 ($63.45) price objective on the stock. Barclays‘s price target suggests a potential upside of 15.21% from the stock’s previous close.
Several other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 5,520 ($64.86) target price on shares of InterContinental Hotels Group in a report on Monday, October 24th. JPMorgan Chase & Co. downgraded InterContinental Hotels Group to a “neutral” rating and dropped their target price for the company from GBX 6,100 ($71.68) to GBX 5,900 ($69.33) in a report on Friday, August 26th. Berenberg Bank raised their target price on InterContinental Hotels Group from GBX 5,700 ($66.98) to GBX 6,500 ($76.38) and gave the company a “buy” rating in a report on Thursday, September 15th. Citigroup reiterated a “neutral” rating and set a GBX 4,980 ($58.52) target price on shares of InterContinental Hotels Group in a report on Wednesday, August 3rd. Finally, Royal Bank of Canada reiterated an “overweight” rating and set a GBX 6,100 ($71.68) target price on shares of InterContinental Hotels Group in a report on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 5,700 ($66.98).
InterContinental Hotels Group Price Performance
InterContinental Hotels Group stock opened at GBX 4,687 ($55.08) on Thursday. The stock’s 50-day moving average is GBX 4,586.97 and its 200-day moving average is GBX 4,685.13. The company has a market cap of £8.27 billion and a price-to-earnings ratio of 2,253.37. InterContinental Hotels Group has a 12 month low of GBX 4,174 ($49.05) and a 12 month high of GBX 5,386 ($63.29).
About InterContinental Hotels Group
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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