Brokerages Set InterContinental Hotels Group PLC (LON:IHG) PT at GBX 7,499

InterContinental Hotels Group PLC (LON:IHG) has been given an average recommendation of “Hold” by the six analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 7,499.

IHG has been the topic of a number of recent research reports. Citigroup boosted their price objective on InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a research note on Friday, October 24th. Berenberg Bank reiterated a “buy” rating on shares of InterContinental Hotels Group in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, UBS Group restated a “buy” rating and set a GBX 9,450 price objective on shares of InterContinental Hotels Group in a research report on Friday, October 17th.

InterContinental Hotels Group Price Performance

IHG stock opened at GBX 138.61 on Tuesday. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The business has a 50 day simple moving average of GBX 7,132.08 and a 200-day simple moving average of GBX 8,338.10. The firm has a market capitalization of £208.58 million, a PE ratio of 0.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a 1 year low of GBX 72.52 and a 1 year high of GBX 141.40.

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.