InterContinental Hotels Group Stock Rating Reaffirmed by Citigroup Inc. (IHG)
InterContinental Hotels Group (LON:IHG)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup Inc. in a research report issued to clients and investors on Monday, AnalystRatings.NET reports. They currently have a GBX 2,200 ($35.30) price target on the stock. Citigroup Inc.’s target price points to a potential upside of 22.15% from the stock’s previous close.
Shares of InterContinental Hotels Group (LON:IHG) traded down 0.24% during mid-day trading on Monday, hitting GBX 1796.74. 369,341 shares of the company’s stock traded hands. 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 1897. and a 200-day moving average of GBX 1911.. The company’s market cap is £4.779 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue reiterated an “add” rating on shares of InterContinental Hotels Group in a research note to investors on Thursday, September 26th. They now have a GBX 2,073 ($33.26) price target on the stock. Separately, analysts at Societe Generale initiated coverage on shares of InterContinental Hotels Group in a research note to investors on Thursday, September 19th. They set a “buy” rating and a GBX 2,200 ($35.30) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of InterContinental Hotels Group in a research note to investors on Thursday, September 12th. They now have a GBX 1,920 ($30.80) price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the stock. InterContinental Hotels Group has a consensus rating of “Buy” and an average price target of GBX 2,070.20 ($33.21).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating seven brands internationally.
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