InterContinental Hotels Group PLC (LON:IHG) Given Equal weight Rating at Barclays PLC
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays PLC in a report issued on Thursday. They currently have a GBX 4,000 ($50.88) target price on the stock. Barclays PLC’s target price indicates a potential downside of 6.26% from the stock’s previous close.
A number of other analysts have also recently commented on the company. Credit Suisse Group cut InterContinental Hotels Group PLC to a “neutral” rating and upped their price target for the stock from GBX 4,500 ($57.24) to GBX 4,600 ($58.51) in a research report on Monday, June 19th. Morgan Stanley cut InterContinental Hotels Group PLC from an “equal” rating to an “underweight” rating and upped their price target for the stock from GBX 3,800 ($48.33) to GBX 4,300 ($54.69) in a research report on Thursday, June 15th. Deutsche Bank AG restated a “hold” rating on shares of InterContinental Hotels Group PLC in a research report on Thursday, June 8th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 3,415 ($43.44) price objective on shares of InterContinental Hotels Group PLC in a research note on Monday, May 15th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Monday, May 15th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 3,602.14 ($45.82).
Shares of InterContinental Hotels Group PLC (LON IHG) opened at 4267.00 on Thursday. The company’s market cap is GBX 8.03 billion. The stock’s 50 day moving average price is GBX 4,349.77 and its 200-day moving average price is GBX 4,069.12. InterContinental Hotels Group PLC has a 12 month low of GBX 2,858.64 and a 12 month high of GBX 4,492.00.
TRADEMARK VIOLATION WARNING: “InterContinental Hotels Group PLC (LON:IHG) Given Equal weight Rating at Barclays PLC” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/07/02/intercontinental-hotels-group-plc-lonihg-given-equal-weight-rating-at-barclays-plc.html.
In other news, insider Richard Solomons sold 31,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of GBX 4,413 ($56.13), for a total value of £1,368,030 ($1,740,053.42).
About InterContinental Hotels Group PLC
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
Receive News & Ratings for InterContinental Hotels Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.