InterContinental Hotels Group PT Raised to GBX 2,370 (IHG)
Equities research analysts at Citigroup Inc. hoisted their price target on shares of InterContinental Hotels Group (LON:IHG) from GBX 2,050 ($33.65) to GBX 2,370 ($38.90) in a research note issued to investors on Friday, AR Network reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 16.98% from the stock’s previous close.
InterContinental Hotels Group (LON:IHG) traded down 0.15% on Friday, hitting GBX 2026.00. The stock had a trading volume of 1,738,359 shares. 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 1967.43 and a 200-day moving average of GBX 1899.. The company’s market cap is £5.389 billion.
A number of other firms have also recently commented on IHG. 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). Separately, 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. Finally, 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 ($32.83) price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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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