InterContinental Hotels Group (NYSE:IHG) was upgraded by investment analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, MarketBeat reports.
Several other equities research analysts have also issued reports on IHG. Zacks Investment Research lowered InterContinental Hotels Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. BidaskClub lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Bank of America raised their target price on InterContinental Hotels Group from $60.50 to $62.38 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Credit Suisse Group upgraded InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. InterContinental Hotels Group currently has a consensus rating of “Hold” and a consensus price target of $52.60.
Shares of InterContinental Hotels Group (NYSE IHG) traded up $0.27 during trading on Wednesday, hitting $58.76. The stock had a trading volume of 146,254 shares, compared to its average volume of 132,494. InterContinental Hotels Group has a 1 year low of $42.83 and a 1 year high of $59.43. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of -1.92.
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About InterContinental Hotels Group
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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