Intercontinental Hotels Group Downgraded by Numis Securities Ltd to Hold (IHG)
Intercontinental Hotels Group (NYSE:IHG) was downgraded by investment analysts at Numis Securities Ltd to a “hold” rating in a note issued to investors on Tuesday, Analyst Ratings Network.com reports.
Shares of Intercontinental Hotels Group (NYSE:IHG) opened at 33.78 on Tuesday. Intercontinental Hotels Group has a 52-week low of $26.62 and a 52-week high of $34.08. The stock’s 50-day moving average is $32.89 and its 200-day moving average is $30.64. The company has a market cap of $8.985 billion and a P/E ratio of 15.53.
IHG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Intercontinental Hotels Group in a research note on Friday. Separately, analysts at Jefferies Group downgraded shares of Intercontinental Hotels Group from a “hold” rating to an “underperform” rating in a research note on Monday, January 13th. Finally, analysts at Bank of America downgraded shares of Intercontinental Hotels Group from a “buy” rating to a “neutral” rating in a research note on Thursday, January 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $1,400.60.
InterContinental Hotels Group PLC (NYSE:IHG) is a global hotel company, operating seven brands internationally.
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