InterContinental Hotels Group PLC (LON:IHG) Receives Consensus Recommendation of “Hold” from Analysts
Shares of InterContinental Hotels Group PLC (LON:IHG) have received an average rating of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 3,628.67 ($47.27).
A number of equities analysts have issued reports on the company. Credit Suisse Group downgraded InterContinental Hotels Group PLC to a “neutral” rating and increased their price target for the stock from GBX 4,500 ($58.62) to GBX 4,600 ($59.93) in a research report on Monday, June 19th. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 3,415 ($44.49) price target on shares of InterContinental Hotels Group PLC in a research report on Monday, May 15th. Beaufort Securities reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a research report on Monday, May 8th. Morgan Stanley downgraded InterContinental Hotels Group PLC from an “equal” rating to an “underweight” rating and increased their price target for the stock from GBX 3,800 ($49.50) to GBX 4,300 ($56.02) in a research report on Thursday, June 15th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 4,000 ($52.11) price target on shares of InterContinental Hotels Group PLC in a research report on Thursday, May 4th.
In related news, insider Richard Solomons sold 31,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of GBX 4,413 ($57.49), for a total value of £1,368,030 ($1,782,217.30).
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InterContinental Hotels Group PLC (IHG) traded up 1.45% on Tuesday, hitting GBX 4343.00. The stock had a trading volume of 402,411 shares. The stock’s market cap is GBX 8.18 billion. InterContinental Hotels Group PLC has a 12 month low of GBX 3,088.63 and a 12 month high of GBX 4,492.00. The company’s 50 day moving average is GBX 4,344.17 and its 200-day moving average is GBX 4,140.02.
InterContinental Hotels Group PLC Company Profile
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.
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