InterContinental Hotels Group’s Neutral Rating Reaffirmed at JPMorgan Chase & Co. (IHG)
InterContinental Hotels Group (LON:IHG)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 1,920 ($30.02) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 0.21% from the company’s current price.
IHG has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of InterContinental Hotels Group (LON:IHG) in a research note to investors on Wednesday. They now have a GBX 2,100 ($32.83) price target on the stock. Separately, 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. Finally, 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 2,054.93 ($32.13).
Shares of InterContinental Hotels Group (LON:IHG) traded down 0.99% on Thursday, hitting GBX 1897.00. 724,220 shares of the company’s stock traded hands. The stock’s 50-day moving average is GBX 1903. and its 200-day moving average is GBX 1913.. The company’s market cap is £5.046 billion.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating seven brands internationally.
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