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

InterContinental Hotels Group PLC (LON:IHG) has been given a consensus rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 7,499.

Several analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective 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. UBS Group reiterated a “buy” rating and issued a GBX 9,450 target price on shares of InterContinental Hotels Group in a research note on Friday, October 17th. Berenberg Bank reissued a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. Finally, Citigroup upped their price objective on InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the company a “sell” rating in a research report on Friday, October 24th.

InterContinental Hotels Group Trading Down 0.7%

InterContinental Hotels Group stock opened at GBX 146.16 on Friday. InterContinental Hotels Group has a 12 month low of GBX 72.52 and a 12 month high of GBX 149.50. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. The business’s fifty day simple moving average is GBX 4,014.07 and its two-hundred day simple moving average is GBX 7,388.58. The company has a market capitalization of £219.94 million, a price-to-earnings ratio of 0.31, 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.