InterContinental Hotels Group PLC Receives Consensus Rating of “Hold” from Brokerages (LON:IHG)
InterContinental Hotels Group PLC (LON:IHG) has been given an average recommendation of “Hold” by the twenty-seven brokerages that are covering the stock, AmericanBankingNews.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 2,086.91 ($34.24).
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of InterContinental Hotels Group PLC from GBX 2,000 ($32.81) to GBX 1,930 ($31.67) in a research note on Thursday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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.
Shares of InterContinental Hotels Group PLC (LON:IHG) opened at 1958.00 on Thursday. InterContinental Hotels Group PLC has a 52 week low of GBX 1729.9999 and a 52 week high of GBX 2053.00. The stock’s 50-day moving average is GBX 1991.56 and its 200-day moving average is GBX 1899.. The company’s market cap is £5.208 billion.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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