InterContinental Hotels Group PLC’s Outperform Rating Reaffirmed at Raymond James (IHG)
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “outperform” rating reaffirmed by analysts at Raymond James in a research report issued to clients and investors on Wednesday. They currently have a GBX 2,150 ($36.16) target price on the stock. Raymond James’ price target would suggest a potential downside of 1.33% from the company’s current price.
Shares of InterContinental Hotels Group PLC (LON:IHG) opened at 2202.00 on Wednesday. InterContinental Hotels Group PLC has a 1-year low of GBX 1729.9999 and a 1-year high of GBX 2234.3879. The stock’s 50-day moving average is GBX 2032. and its 200-day moving average is GBX 1958.. The company’s market cap is £5.680 billion.
A number of other analysts have also recently weighed in on IHG. Analysts at Goldman Sachs raised their price target on shares of InterContinental Hotels Group PLC from GBX 2,180 ($36.67) to GBX 2,410 ($40.54) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Thursday, May 8th. They now have a GBX 2,065 ($34.74) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, May 7th. They now have a GBX 2,100 ($35.32) price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. InterContinental Hotels Group PLC has an average rating of “Hold” and a consensus price target of GBX 2,104.23 ($35.39).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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