Brokerages Set InterContinental Hotels Group PLC (LON:IHG) PT at GBX 6,159

Shares of InterContinental Hotels Group PLC (LON:IHG) have received a consensus rating of “Reduce” from the six brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 6,159 ($83.32).

IHG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 7,800 ($105.52) price target on shares of InterContinental Hotels Group in a report on Thursday, February 20th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 95 ($1.29) price objective on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. Citigroup decreased their price target on InterContinental Hotels Group from GBX 8,900 ($120.40) to GBX 7,500 ($101.46) and set a “sell” rating for the company in a report on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised shares of InterContinental Hotels Group to a “hold” rating and raised their price objective for the stock from GBX 7,750 ($104.84) to GBX 8,000 ($108.23) in a research note on Monday, April 14th.

InterContinental Hotels Group Stock Performance

IHG stock opened at GBX 8,510 ($115.12) on Wednesday. InterContinental Hotels Group has a 1-year low of GBX 7,032 ($95.13) and a 1-year high of £109.75 ($148.47). The business has a 50-day moving average price of GBX 8,241.05 and a 200 day moving average price of GBX 9,196.87. The company has a market capitalization of £17.06 billion, a P/E ratio of 27.93, a PEG ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.