InterContinental Hotels Group PLC’s Hold Rating Reaffirmed at Societe Generale (IHG)
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Societe Generale in a research note issued to investors on Thursday. They currently have a GBX 2,491.67 ($42.31) price target on the stock. Societe Generale’s price objective points to a potential upside of 4.91% from the company’s current price.
A number of other firms have also recently commented on IHG. Analysts at Deutsche Bank reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday. They now have a GBX 2,365 ($40.16) price target on the stock. Separately, analysts at Nomura raised their price target on shares of InterContinental Hotels Group PLC from GBX 2,065 ($35.07) to GBX 2,365 ($40.16) in a research note on Friday, July 25th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, July 23rd. They now have a GBX 2,200 ($37.36) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 2,168.39 ($36.82).
Shares of InterContinental Hotels Group PLC (LON:IHG) opened at 2375.00 on Thursday. InterContinental Hotels Group PLC has a 52-week low of GBX 1892.5831 and a 52-week high of GBX 2622.75. The stock has a 50-day moving average of GBX 2288. and a 200-day moving average of GBX 2050.. The company’s market cap is £5.655 billion.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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