InterContinental Hotels Group Price Target Increased to GBX 2,030 by Analysts at JPMorgan Chase & Co. (IHG)
Investment analysts at JPMorgan Chase & Co. hoisted their price objective on shares of InterContinental Hotels Group (LON:IHG) from GBX 1,800 ($29.55) to GBX 2,030 ($33.32) in a note issued to investors on Friday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 0.20% from the stock’s previous close.
Shares of InterContinental Hotels Group (LON:IHG) traded down 0.15% during mid-day trading on Friday, hitting GBX 2026.00. The stock had a trading volume of 1,738,359 shares. InterContinental Hotels Group has a one year low of GBX 1729.9999 and a one year high of GBX 2053.00. The stock’s 50-day moving average is GBX 1971. and its 200-day moving average is GBX 1899.. The company’s market cap is £5.389 billion.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. raised their price target on shares of InterContinental Hotels Group from GBX 2,050 ($33.65) to GBX 2,370 ($38.90) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group downgraded shares of InterContinental Hotels Group to an “underperform” rating in a research note to investors on Monday, January 13th. They now have a GBX 1,650 ($27.08) price target on the stock, down previously from GBX 1,770 ($29.05). Finally, analysts at Credit Suisse raised their price target on shares of InterContinental Hotels Group from GBX 1,865 ($30.61) to GBX 1,980 ($32.50) in a research note to investors on Thursday, January 9th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 2,093.19 ($34.36).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating seven brands internationally.
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