InterContinental Hotels Group Rating Reiterated by Numis Securities Ltd (IHG)
InterContinental Hotels Group (LON:IHG)‘s stock had its “add” rating reaffirmed by stock analysts at Numis Securities Ltd in a report issued on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 2,100 ($32.83) price objective on the stock. Numis Securities Ltd’s price target indicates a potential upside of 9.95% from the stock’s previous close.
Shares of InterContinental Hotels Group (LON:IHG) opened at 1897.00 on Wednesday. InterContinental Hotels Group has a 52 week low of GBX 1491.00 and a 52 week high of GBX 2053.00. The stock has a 50-day moving average of GBX 1905. and a 200-day moving average of GBX 1913.. The company’s market cap is £5.046 billion.
A number of other firms have also recently commented on IHG. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of InterContinental Hotels Group (LON:IHG) in a research note to investors on Friday, September 6th. They now have a GBX 2,200 ($34.40) price target on the stock. Separately, analysts at UBS AG upgraded shares of InterContinental Hotels Group (LON:IHG) to a “buy” rating in a research note to investors on Thursday, September 5th. They now have a GBX 2,200 ($34.40) price target on the stock, up previously from GBX 2,050 ($32.05).
One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,054.93 ($32.13).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating seven brands internationally.
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