InterContinental Hotels Group (LON:IHG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

InterContinental Hotels Group (LON:IHG) had its price target lifted by JPMorgan Chase & Co. from £104 to £119 in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 17.13% from the company’s previous close.

Several other equities analysts also recently weighed in on IHG. UBS Group reissued a “buy” rating and set a GBX 9,450 target price on shares of InterContinental Hotels Group in a research report on Friday, October 17th. Citigroup raised their target price on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the stock a “hold” rating in a research report on Thursday, September 11th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, InterContinental Hotels Group currently has a consensus rating of “Hold” and an average price target of GBX 7,499.

InterContinental Hotels Group Trading Up 0.6%

Shares of LON IHG opened at £101.60 on Tuesday. InterContinental Hotels Group has a 1-year low of GBX 7,252 and a 1-year high of £109.75. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The business’s 50 day moving average is GBX 9,428.53 and its two-hundred day moving average is GBX 8,944.08. The stock has a market capitalization of £15.34 billion, a P/E ratio of 21.52, a PEG ratio of 1.69 and a beta of 0.98.

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.