InterContinental Hotels Group PLC (LON:IHG – Get Rating) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 5,891.25 ($73.80).
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of InterContinental Hotels Group from GBX 6,000 ($75.16) to GBX 6,200 ($77.67) and gave the company a “neutral” rating in a research report on Tuesday, May 9th. Jefferies Financial Group boosted their target price on shares of InterContinental Hotels Group from GBX 5,500 ($68.90) to GBX 6,200 ($77.67) and gave the company a “buy” rating in a research report on Wednesday, January 25th. Barclays cut shares of InterContinental Hotels Group to an “equal weight” rating in a research report on Monday, March 6th. Numis Securities reaffirmed an “add” rating and set a GBX 5,550 ($69.52) price objective on shares of InterContinental Hotels Group in a research report on Wednesday, February 15th. Finally, Redburn Partners cut shares of InterContinental Hotels Group to a “sell” rating in a research report on Tuesday, March 21st.
InterContinental Hotels Group Price Performance
LON:IHG opened at GBX 5,362 ($67.17) on Friday. InterContinental Hotels Group has a one year low of GBX 4,174 ($52.29) and a one year high of GBX 5,796 ($72.60). The company has a market cap of £9.21 billion, a P/E ratio of 3,249.70, a P/E/G ratio of 1.02 and a beta of 0.95. The firm’s fifty day moving average price is GBX 5,382.16 and its two-hundred day moving average price is GBX 5,242.47.
InterContinental Hotels Group Increases Dividend
In other news, insider Daniela Barone Soares acquired 150 shares of the stock in a transaction dated Friday, May 5th. The stock was bought at an average price of GBX 5,428 ($67.99) per share, with a total value of £8,142 ($10,199.17). In other news, insider Daniela Barone Soares bought 150 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was acquired at an average price of GBX 5,428 ($67.99) per share, with a total value of £8,142 ($10,199.17). Also, insider Graham Allan bought 300 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were purchased at an average cost of GBX 5,370 ($67.27) per share, with a total value of £16,110 ($20,180.38). 4.82% of the stock is currently owned by insiders.
InterContinental Hotels Group Company Profile
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.
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
- Foot Locker And The Ebbing Tide Of Discretionary Spending
Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.