InterContinental Hotels Group’s (IHG) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of InterContinental Hotels Group (LON:IHG) in a research report sent to investors on Monday, Marketbeat.com reports.

A number of other brokerages have also recently weighed in on IHG. Citigroup raised their price objective on InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the company a “sell” rating in a report on Friday, October 24th. JPMorgan Chase & Co. increased their price target on shares of InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Finally, UBS Group restated a “buy” rating and issued a GBX 9,450 price objective on shares of InterContinental Hotels Group in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, InterContinental Hotels Group has an average rating of “Hold” and an average target price of GBX 7,499.

InterContinental Hotels Group Trading Down 0.0%

Shares of IHG stock opened at GBX 135.39 on Monday. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The business has a 50-day moving average price of GBX 7,326.03 and a two-hundred day moving average price of GBX 8,395.44. InterContinental Hotels Group has a 12-month low of GBX 72.52 and a 12-month high of GBX 141.40. The firm has a market cap of £203.74 million, a P/E ratio of 0.29, a price-to-earnings-growth 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.