InterContinental Hotels Group PLC (LON:IHG) Receives GBX 7,512 Consensus Price Target from Brokerages

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 9,350.

Several equities research analysts recently commented on IHG shares. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note on Monday. Berenberg Bank reiterated a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th.

Insider Transactions at InterContinental Hotels Group

In related news, insider Nicholas Cadbury acquired 700 shares of InterContinental Hotels Group stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average price of £134.34 per share, for a total transaction of £94,038. Insiders own 3.38% of the company’s stock.

InterContinental Hotels Group Trading Up 1.7%

Shares of IHG stock opened at GBX 132.65 on Monday. 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 firm has a market cap of £199.14 million, a P/E ratio of 0.27, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. The business has a 50-day moving average price of GBX 136.44 and a two-hundred day moving average price of GBX 5,361.39. InterContinental Hotels Group has a 12-month low of GBX 72.52 and a 12-month high of GBX 150.90.

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.