InterContinental Hotels Group’s Buy Rating Reaffirmed at Goldman Sachs Group Inc. (IHG)
InterContinental Hotels Group (LON:IHG)‘s stock had its “buy” rating restated by analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Wednesday, Analyst Ratings News reports. They currently have a GBX 2,275 ($37.39) price objective on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 16.97% from the company’s current price.
A number of other firms have also recently commented on IHG. Analysts at Jefferies Group reiterated an “underperform” rating on shares of InterContinental Hotels Group in a research note to investors on Tuesday. They now have a GBX 1,650 ($27.12) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of InterContinental Hotels Group from GBX 1,800 ($29.58) to GBX 2,030 ($33.36) in a research note to investors on Friday, January 24th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of InterContinental Hotels Group from GBX 2,050 ($33.69) to GBX 2,370 ($38.95) in a research note to investors on Friday, January 24th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. InterContinental Hotels Group has a consensus rating of “Hold” and a consensus price target of GBX 2,094.38 ($34.42).
Shares of InterContinental Hotels Group (LON:IHG) opened at 1945.0001 on Wednesday. InterContinental Hotels Group has a 1-year low of GBX 1729.9999 and a 1-year high of GBX 2053.00. The stock has a 50-day moving average of GBX 1987. and a 200-day moving average of GBX 1900.. The company’s market cap is £5.174 billion.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating seven brands internationally.
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