InterContinental Hotels Group Given “Neutral” Rating at Credit Suisse (IHG)
InterContinental Hotels Group (LON:IHG)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse in a report released on Tuesday, American Banking News.com reports. They currently have a GBX 1,865 ($30.17) target price on the stock. Credit Suisse’s price target points to a potential upside of 2.30% from the stock’s previous close.
Shares of InterContinental Hotels Group (LON:IHG) opened at 1829.9999 on Tuesday. InterContinental Hotels Group has a 52-week low of GBX 1491.00 and a 52-week high of GBX 2053.00. The stock’s 50-day moving average is GBX 1839. and its 200-day moving average is GBX 1888.93. The company’s market cap is £4.868 billion.
IHG has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of InterContinental Hotels Group in a research note to investors on Tuesday. They now have a GBX 1,920 ($31.06) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of InterContinental Hotels Group in a research note to investors on Monday. They now have a GBX 1,920 ($31.06) price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of InterContinental Hotels Group in a research note to investors on Monday. They now have a GBX 2,150 ($34.78) price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 2,069.30 ($33.48).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating seven brands internationally.
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