InterContinental Hotels Group PT Lowered to GBX 1,880 (IHG)
Equities researchers at Nomura lowered their price objective on shares of InterContinental Hotels Group (LON:IHG) from GBX 2,066 ($33.15) to GBX 1,880 ($30.16) in a research report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Nomura’s price target suggests a potential upside of 6.64% from the stock’s previous close.
A number of other analysts have also recently weighed in on IHG. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note to investors on Monday. They now have a GBX 2,200 ($35.30) price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 2,062.11 ($33.08).
Shares of InterContinental Hotels Group (LON:IHG) traded up 1.08% on Wednesday, hitting GBX 1782.00. 664,268 shares of the company’s stock traded hands. InterContinental Hotels Group has a 1-year low of GBX 1491.00 and a 1-year high of GBX 2053.00. The stock’s 50-day moving average is GBX 1897. and its 200-day moving average is GBX 1911.. The company’s market cap is £4.740 billion.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating seven brands internationally.
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