InterContinental Hotels Group Stock Rating Lowered by Jefferies Group (IHG)
InterContinental Hotels Group (LON:IHG) was downgraded by Jefferies Group to an “underperform” rating in a research note issued on Monday, Analyst Ratings Network.com reports. They currently have a GBX 1,650 ($27.19) target price on the stock, down from their previous target price of GBX 1,770 ($29.17). Jefferies Group’s target price points to a potential downside of 17.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of InterContinental Hotels Group from GBX 1,865 ($30.74) to GBX 1,980 ($32.63) in a research note to investors on Thursday, January 9th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of InterContinental Hotels Group in a research note to investors on Thursday, January 9th. They now have a GBX 2,000 ($32.96) price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 2,067 ($34.06).
Shares of InterContinental Hotels Group (LON:IHG) opened at 1995.9999 on Monday. InterContinental Hotels Group has a 52 week low of GBX 1729.9999 and a 52 week high of GBX 2053.00. The stock’s 50-day moving average is GBX 1954. and its 200-day moving average is GBX 1895.. The company’s market cap is £5.309 billion.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating seven brands internationally.
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