InterContinental Hotels Group (LON:IHG) Price Target Raised to GBX 8,000

InterContinental Hotels Group (LON:IHG) had its price objective increased by Citigroup from GBX 7,900 to GBX 8,000 in a research report sent to investors on Friday morning,London Stock Exchange reports. Citigroup currently has a sell rating on the stock.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft boosted their target price on InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the stock a “hold” rating in a report on Thursday, September 11th. UBS Group reaffirmed a “buy” rating and issued a GBX 9,450 price target on shares of InterContinental Hotels Group in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. raised shares of InterContinental Hotels Group to an “overweight” rating and increased their price objective for the company from GBX 8,500 to £104 in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, InterContinental Hotels Group presently has an average rating of “Hold” and an average target price of GBX 7,199.

InterContinental Hotels Group Stock Performance

Shares of IHG opened at GBX 9,348 on Friday. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The stock has a market cap of £14.16 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.69 and a beta of 0.98. The business’s 50 day moving average price is GBX 8,974.74 and its 200-day moving average price is GBX 8,643.84. InterContinental Hotels Group has a 52 week low of GBX 7,252 and a 52 week high of £109.75.

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.