UBS Group Reiterates “Buy” Rating for InterContinental Hotels Group (LON:IHG)

InterContinental Hotels Group (LON:IHG)‘s stock had its “buy” rating reaffirmed by stock analysts at UBS Group in a research note issued on Friday, Marketbeat Ratings reports. They currently have a GBX 9,450 target price on the stock. UBS Group’s target price indicates a potential upside of 6.13% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of InterContinental Hotels Group to an “overweight” rating and increased their target price for the company from GBX 8,500 to £104 in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the company a “hold” rating in a report on Thursday, September 11th. Finally, Citigroup boosted their target price on InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the stock a “sell” rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 7,179.

InterContinental Hotels Group Trading Down 0.3%

LON:IHG opened at GBX 8,904 on Friday. The stock has a market cap of £13.49 billion, a price-to-earnings ratio of 1,886.04, a PEG ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. InterContinental Hotels Group has a 1 year low of GBX 7,252 and a 1 year high of £109.75. The business has a fifty day moving average of GBX 8,937.29 and a 200-day moving average of GBX 8,581.78.

About InterContinental Hotels Group

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.