InterContinental Hotels Group PLC PT Lowered to GBX 1,900 (IHG)
Stock analysts at Berenberg Bank decreased their target price on shares of InterContinental Hotels Group PLC (LON:IHG) from GBX 1,930 ($32.34) to GBX 1,900 ($31.84) in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has an “equal weight” rating on the stock. Berenberg Bank’s target price would suggest a potential downside of 4.09% 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 Wednesday. They now have a GBX 2,030 ($34.02) price target on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of InterContinental Hotels Group PLC from GBX 2,370 ($39.72) to GBX 2,350 ($39.38) in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of InterContinental Hotels Group PLC to a “hold” rating in a research note on Tuesday. They now have a GBX 2,100 ($35.19) price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 2,077.91 ($34.82).
InterContinental Hotels Group PLC (LON:IHG) opened at 1977.00 on Wednesday. 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. and its 200-day moving average is GBX 1903.31. The company’s market cap is £5.259 billion.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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