InterContinental Hotels Group PLC (LON:IHG) Given Average Recommendation of “Reduce” by Brokerages

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given an average recommendation of “Reduce” by the six ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 6,159 ($83.36).

Several equities analysts recently issued reports on the stock. Citigroup cut their price objective on shares of InterContinental Hotels Group from GBX 8,900 ($120.47) to GBX 7,500 ($101.52) and set a “sell” rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group reissued a “hold” rating and set a GBX 95 ($1.29) price objective on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 7,800 ($105.58) price objective on shares of InterContinental Hotels Group in a report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft raised shares of InterContinental Hotels Group to a “hold” rating and lifted their price objective for the company from GBX 7,750 ($104.90) to GBX 8,000 ($108.28) in a report on Monday, April 14th.

InterContinental Hotels Group Stock Performance

InterContinental Hotels Group stock opened at GBX 8,510 ($115.19) on Wednesday. The company has a market capitalization of £17.06 billion, a PE ratio of 27.93, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a 50 day moving average price of GBX 8,241.05 and a 200-day moving average price of GBX 9,192.62. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. InterContinental Hotels Group has a fifty-two week low of GBX 7,032 ($95.18) and a fifty-two week high of £109.75 ($148.55).

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.