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

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of InterContinental Hotels Group (LON:IHGGet Rating) in a research report released on Tuesday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a GBX 5,520 ($65.27) price target on the stock.

A number of other equities analysts have also recently commented on the stock. Barclays reaffirmed an overweight rating and issued a GBX 5,400 ($63.85) target price on shares of InterContinental Hotels Group in a report on Thursday, November 17th. Berenberg Bank lifted their target price on shares of InterContinental Hotels Group from GBX 5,700 ($67.40) to GBX 6,500 ($76.86) and gave the company a buy rating in a report on Thursday, September 15th. Citigroup reaffirmed a neutral rating and issued a GBX 4,980 ($58.89) target price on shares of InterContinental Hotels Group in a report on Wednesday, August 3rd. JPMorgan Chase & Co. cut shares of InterContinental Hotels Group to a neutral rating and cut their target price for the company from GBX 6,100 ($72.13) to GBX 5,900 ($69.76) in a report on Friday, August 26th. Finally, Royal Bank of Canada reaffirmed an overweight rating and issued a GBX 6,100 ($72.13) target price on shares of InterContinental Hotels Group in a report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, InterContinental Hotels Group presently has an average rating of Moderate Buy and a consensus target price of GBX 5,700 ($67.40).

InterContinental Hotels Group Trading Up 0.1 %

IHG stock opened at GBX 4,771 ($56.41) on Tuesday. InterContinental Hotels Group has a twelve month low of GBX 4,174 ($49.36) and a twelve month high of GBX 5,386 ($63.69). The company’s 50 day moving average is GBX 4,582.57 and its two-hundred day moving average is GBX 4,673.30. The stock has a market cap of £8.42 billion and a P/E ratio of 2,430.61.

About InterContinental Hotels Group

(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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