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

InterContinental Hotels Group (LON:IHG)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued to clients and investors on Monday, Marketbeat.com reports.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. UBS Group reiterated a “buy” rating and set a GBX 9,450 target price on shares of InterContinental Hotels Group in a research note on Friday, October 17th. Finally, Citigroup lifted their price objective on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, InterContinental Hotels Group has an average rating of “Hold” and a consensus price target of GBX 7,499.

InterContinental Hotels Group Stock Performance

InterContinental Hotels Group stock opened at GBX 135.45 on Monday. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. The company has a market capitalization of £203.83 million, a price-to-earnings ratio of 0.29, a PEG ratio of 1.69 and a beta of 0.98. The stock has a fifty day moving average of GBX 7,522.68 and a two-hundred day moving average of GBX 8,453.61. InterContinental Hotels Group has a fifty-two week low of GBX 72.52 and a fifty-two week high of GBX 141.40.

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.