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

InterContinental Hotels Group PLC (LON:IHGGet Free Report) has been assigned an average rating of “Reduce” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 6,159 ($84.08).

A number of analysts have recently weighed in on IHG shares. Deutsche Bank Aktiengesellschaft upgraded InterContinental Hotels Group to a “hold” rating and raised their target price for the company from GBX 7,750 ($105.80) to GBX 8,000 ($109.22) in a research note on Monday, April 14th. Citigroup decreased their price objective on shares of InterContinental Hotels Group from GBX 8,900 ($121.50) to GBX 7,500 ($102.39) and set a “sell” rating on the stock in a report on Tuesday, April 15th.

View Our Latest Research Report on IHG

InterContinental Hotels Group Trading Up 1.0%

IHG stock opened at GBX 8,669.69 ($118.36) on Friday. The business has a fifty day moving average price of GBX 8,500.46 and a 200 day moving average price of GBX 9,005.59. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. InterContinental Hotels Group has a fifty-two week low of GBX 7,032 ($96.00) and a fifty-two week high of £109.75 ($149.83). The stock has a market capitalization of £17.38 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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