InterContinental Hotels Group (LON:IHG)‘s stock had its “equal weight” rating reissued by Barclays in a report issued on Thursday. They presently have a GBX 4,000 ($56.09) price target on the stock. Barclays’ price target suggests a potential downside of 11.19% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. Liberum Capital upped their price target on InterContinental Hotels Group from GBX 4,600 ($64.50) to GBX 4,950 ($69.41) and gave the company a “hold” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. boosted their price objective on InterContinental Hotels Group from GBX 3,540 ($49.64) to GBX 3,680 ($51.60) and gave the company an “underweight” rating in a research note on Friday, January 12th. Credit Suisse Group boosted their price objective on InterContinental Hotels Group from GBX 5,100 ($71.51) to GBX 5,800 ($81.32) and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. Morgan Stanley upgraded InterContinental Hotels Group to an “equal weight” rating and boosted their price objective for the company from GBX 3,700 ($51.88) to GBX 4,200 ($58.89) in a research note on Wednesday, November 29th. Finally, Kepler Capital Markets reiterated a “reduce” rating and issued a GBX 3,750 ($52.58) price objective on shares of InterContinental Hotels Group in a research note on Friday, October 20th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. InterContinental Hotels Group currently has a consensus rating of “Hold” and an average price target of GBX 4,108.85 ($57.61).
Shares of InterContinental Hotels Group (LON IHG) traded down GBX 31 ($0.43) on Thursday, reaching GBX 4,504 ($63.15). The company had a trading volume of 738,110 shares, compared to its average volume of 593,891. The firm has a market capitalization of $8,550.00 and a P/E ratio of 2,815.00. InterContinental Hotels Group has a 52-week low of GBX 3,656 ($51.26) and a 52-week high of GBX 4,944 ($69.32).
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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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