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Equities researchers at Barclays dropped their price target on shares of InterContinental Hotels Group PLC (LON:IHG) from GBX 2,000 ($32.81) to GBX 1,930 ($31.67) in a research report issued on Thursday, ARN reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would indicate a potential downside of 2.28% from the company’s current price.

A number of other analysts have also recently weighed in on IHG. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Friday, February 7th. They now have a GBX 2,030 ($33.31) price target on the stock. Separately, analysts at HSBC raised their price target on shares of InterContinental Hotels Group PLC from GBX 1,900 ($31.17) to GBX 2,000 ($32.81) in a research note on Thursday, February 6th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, February 5th. They now have a GBX 2,275 ($37.33) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 2,086.91 ($34.24).

InterContinental Hotels Group PLC (LON:IHG) traded down 1.05% on Thursday, hitting GBX 1975.00. 1,015,681 shares of the company’s stock traded hands. InterContinental Hotels Group PLC has a 1-year low of GBX 1730.00 and a 1-year high of GBX 2053.00. The stock has a 50-day moving average of GBX 1990. and a 200-day moving average of GBX 1901.. The company’s market cap is £5.253 billion.

InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.

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