InterContinental Hotels Group PLC (LON:IHG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 9,350.

A number of equities analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, January 19th. Jefferies Financial Group restated a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, March 30th.

InterContinental Hotels Group Price Performance

Shares of LON IHG opened at GBX 143.50 on Friday. InterContinental Hotels Group has a twelve month low of GBX 76.56 and a twelve month high of GBX 150.90. The firm has a market cap of £214.18 million, a P/E ratio of 0.29, a PEG ratio of 1.69 and a beta of 1.02. The company has a 50 day moving average of GBX 136.62 and a 200 day moving average of GBX 4,414.63. The company has a quick ratio of 1.35, a current ratio of 0.97 and a debt-to-equity ratio of -181.87.

Insiders Place Their Bets

In related news, insider Nicholas Cadbury bought 700 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of £134.34 per share, for a total transaction of £94,038. Corporate insiders own 2.73% of the company’s stock.

InterContinental Hotels Group Company Profile

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.