InterContinental Hotels Group (LON:IHG) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of InterContinental Hotels Group (LON:IHG) in a research report sent to investors on Monday morning,London Stock Exchange reports.

IHG has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Berenberg Bank reiterated a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 9,350.

InterContinental Hotels Group Price Performance

LON IHG opened at GBX 127.67 on Monday. InterContinental Hotels Group has a 52 week low of GBX 72.52 and a 52 week high of GBX 150.90. The firm has a market capitalization of £191.67 million, a P/E ratio of 0.26, a PEG ratio of 1.69 and a beta of 1.07. The company has a quick ratio of 1.35, a current ratio of 0.97 and a debt-to-equity ratio of -181.87. The company has a 50-day moving average price of GBX 136.59 and a 200-day moving average price of GBX 5,459.88.

Insider Activity at InterContinental Hotels Group

In related news, insider Nicholas Cadbury acquired 700 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average price of £134.34 per share, with a total value of £94,038. 3.38% of the stock is owned by company insiders.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

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.