InterContinental Hotels Group PT Raised to GBX 1,980 at Credit Suisse (IHG)
Credit Suisse upped their price objective on shares of InterContinental Hotels Group (LON:IHG) from GBX 1,865 ($30.59) to GBX 1,980 ($32.47) in a research note issued on Thursday, Analyst Ratings News reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective would indicate a potential downside of 0.10% from the stock’s previous close.
InterContinental Hotels Group (LON:IHG) opened at 1970.9999 on Thursday. InterContinental Hotels Group has a 52-week low of GBX 1729.9999 and a 52-week high of GBX 2053.00. The stock has a 50-day moving average of GBX 1930. and a 200-day moving average of GBX 1885.. The company’s market cap is £5.243 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of InterContinental Hotels Group in a research note to investors on Thursday. They now have a GBX 2,000 ($32.80) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of InterContinental Hotels Group in a research note to investors on Friday, December 20th. They now have a GBX 2,100 ($34.44) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of InterContinental Hotels Group in a research note to investors on Friday, December 20th. They now have a GBX 1,880 ($30.83) price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company. InterContinental Hotels Group currently has an average rating of “Buy” and a consensus price target of GBX 2,072.08 ($33.99).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating seven brands internationally.
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