InterContinental Hotels Group (LON:IHG) had its target price hoisted by equities researchers at HSBC from GBX 3,800 ($52.50) to GBX 4,600 ($63.55) in a report issued on Friday, February 16th. The firm presently has a “hold” rating on the stock. HSBC’s target price would indicate a potential upside of 1.61% from the company’s previous close.
A number of other brokerages also recently commented on IHG. Deutsche Bank reaffirmed a “hold” rating on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Kepler Capital Markets reaffirmed a “reduce” rating and issued a GBX 3,750 ($51.81) price objective on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Liberum Capital reissued a “hold” rating and set a GBX 4,600 ($63.55) price target on shares of InterContinental Hotels Group in a research report on Friday, October 20th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 3,450 ($47.67) target price on shares of InterContinental Hotels Group in a research report on Monday, October 23rd. Finally, Credit Suisse Group raised InterContinental Hotels Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from GBX 4,600 ($63.55) to GBX 5,100 ($70.46) in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 4,460.83 ($61.63).
Shares of InterContinental Hotels Group (LON IHG) traded down GBX 33 ($0.46) during mid-day trading on Friday, reaching GBX 4,527 ($62.54). The company had a trading volume of 358,535 shares, compared to its average volume of 658,722. InterContinental Hotels Group has a 52-week low of GBX 3,656 ($50.51) and a 52-week high of GBX 4,944 ($68.31). The firm has a market capitalization of $8,570.00 and a PE ratio of 2,057.73.
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InterContinental Hotels Group Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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