Intercontinental Hotels Group Reaches New 12-Month High at $34.02 (IHG)
Intercontinental Hotels Group (NYSE:IHG)’s share price reached a new 52-week high on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $34.02 and last traded at $34.01, with a volume of 100,123 shares traded. The stock had previously closed at $33.56.
A number of research firms have recently commented on IHG. Analysts at Jefferies Group downgraded shares of Intercontinental Hotels Group from a “hold” rating to an “underperform” rating in a research note to investors on Monday, January 13th. Separately, analysts at Bank of America Corp. downgraded shares of Intercontinental Hotels Group from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 9th. Finally, analysts at MKM Partners initiated coverage on shares of Intercontinental Hotels Group in a research note to investors on Wednesday, December 18th. They set a “neutral” rating and a $35.00 price target on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. Intercontinental Hotels Group presently has an average rating of “Hold” and a consensus target price of $1,302.63.
Intercontinental Hotels Group has a one year low of $26.62 and a one year high of $34.08. The stock’s 50-day moving average is $32.42 and its 200-day moving average is $30.27. The company has a market cap of $9.065 billion and a P/E ratio of 15.82.
InterContinental Hotels Group PLC (NYSE:IHG) is a global hotel company, operating seven brands internationally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.