InterContinental Hotels Group PLC Given Underperform Rating at BNP Paribas (IHG)
A number of other firms have also recently commented on IHG. Analysts at Societe Generale downgraded shares of InterContinental Hotels Group PLC from a “buy” rating to a “hold” rating in a research note on Thursday, May 29th. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of InterContinental Hotels Group PLC in a research note on Tuesday, May 27th. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.80.
InterContinental Hotels Group PLC (NYSE:IHG) traded down 0.53% during mid-day trading on Friday, hitting $41.20. 184,381 shares of the company’s stock traded hands. InterContinental Hotels Group PLC has a 1-year low of $27.26 and a 1-year high of $40.84. The stock’s 50-day moving average is $38.46 and its 200-day moving average is $34.10. The company has a market cap of $10.628 billion and a P/E ratio of 29.73.
InterContinental Hotels Group PLC (NYSE:IHG) is a global hotel company, operating nine brands internationally.
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