Zacks Upgrades Intercontinental Hotels Group to “Outperform” (IHG)
Intercontinental Hotels Group (NYSE:IHG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, AnalystRatings.Net reports. The firm currently has a $32.60 price target on the stock. Zacks‘ price objective suggests a potential upside of 15.32% from the company’s current price.
Intercontinental Hotels Group (NYSE:IHG) traded down 2.11% on Tuesday, hitting $28.27. 177,656 shares of the company’s stock traded hands. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company has a market cap of $7.520 billion and a price-to-earnings ratio of 13.61.
IHG has been the subject of a number of other recent research reports. 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 on the stock. Separately, analysts at UBS AG upgraded shares of Intercontinental Hotels Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 5th. They now have a $34.24 price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Intercontinental Hotels Group to a “hold” rating in a research note to investors on Tuesday, August 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $1,426.56.
InterContinental Hotels Group PLC (NYSE:IHG) is a global hotel company, operating seven brands internationally.
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