InterContinental Hotels Group PLC Given New GBX 1,980 Price Target at Credit Suisse (IHG)
Equities research analysts at Credit Suisse upped their target price on shares of InterContinental Hotels Group PLC (LON:IHG) from GBX 1,900 ($31.97) to GBX 1,980 ($33.32) in a research note issued to investors on Thursday. The firm currently has an “underperform” rating on the stock. Credit Suisse’s target price would indicate a potential downside of 13.08% from the stock’s previous close.
Shares of InterContinental Hotels Group PLC (LON:IHG) traded down 1.80% during mid-day trading on Thursday, hitting GBX 2237.00. The stock had a trading volume of 976,205 shares. InterContinental Hotels Group PLC has a 52 week low of GBX 1892.5831 and a 52 week high of GBX 2622.75. The stock’s 50-day moving average is GBX 2453.59 and its 200-day moving average is GBX 2275.06. The company’s market cap is £5.725 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 26th. Investors of record on Wednesday, August 20th will be given a dividend of GBX 14.80 ($0.25) per share. This represents a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, August 20th.
A number of other firms have also recently commented on IHG. 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 2,400 ($40.38) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Tuesday. They now have a GBX 2,200 ($37.02) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Tuesday. They now have a GBX 1,920 ($32.31) price target on the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 2,172.03 ($36.55).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.