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Analysts at SunTrust boosted their target price on shares of InterContinental Hotels Group PLC (NYSE:IHG) from $3.00 to $36.00 in a research report issued to clients and investors on Wednesday. SunTrust’s price target would suggest a potential downside of 6.05% from the stock’s previous close.

Shares of InterContinental Hotels Group PLC (NYSE:IHG) traded up 0.05% on Wednesday, hitting $38.34. The stock had a trading volume of 61,260 shares. InterContinental Hotels Group PLC has a 52 week low of $29.5883 and a 52 week high of $45.1788. The stock has a 50-day moving average of $42.07 and a 200-day moving average of $38.32. The company has a market cap of $9.129 billion and a P/E ratio of 25.39.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Thursday, July 31st. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of InterContinental Hotels Group PLC in a research note on Friday, June 27th. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, June 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.53.

InterContinental Hotels Group PLC (NYSE:IHG) is a global hotel company, operating nine brands internationally.

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