InterContinental Hotels Group (NYSE:IHG) was upgraded by analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat.com reports.
Several other research firms have also commented on IHG. Zacks Investment Research lowered shares of InterContinental Hotels Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Bank of America raised their price target on shares of InterContinental Hotels Group from $60.50 to $62.38 and gave the company a “buy” rating in a research report on Friday, October 20th. Morgan Stanley upgraded shares of InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 29th. Finally, Credit Suisse Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $59.13.
InterContinental Hotels Group (NYSE IHG) traded up $1.73 during mid-day trading on Friday, reaching $68.56. 258,754 shares of the company traded hands, compared to its average volume of 501,776. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of -1.92. InterContinental Hotels Group has a 52 week low of $48.05 and a 52 week high of $68.61.
InterContinental Hotels Group 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.