InterContinental Hotels Group PLC (LON:IHG) Given Consensus Recommendation of “Hold” by Analysts

InterContinental Hotels Group PLC (LON:IHG) has been assigned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 7,499.

A number of research analysts recently commented on IHG shares. Citigroup increased their target price on InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the company a “sell” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. boosted their price objective on InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. UBS Group reissued a “buy” rating and set a GBX 9,450 price target on shares of InterContinental Hotels Group in a research report on Friday, October 17th. Finally, Berenberg Bank reissued a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, January 19th.

InterContinental Hotels Group Trading Down 0.7%

Shares of IHG opened at GBX 146.16 on Friday. InterContinental Hotels Group has a 1-year low of GBX 72.52 and a 1-year high of GBX 149.50. The company has a market capitalization of £219.94 million, a P/E ratio of 0.31, a P/E/G ratio of 1.69 and a beta of 0.98. 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 firm’s 50 day simple moving average is GBX 4,014.07 and its 200 day simple moving average is GBX 7,388.58.

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.