Brokerages Set InterContinental Hotels Group PLC (LON:IHG) Target Price at GBX 7,499

InterContinental Hotels Group PLC (LON:IHG) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 7,499.

Several equities research analysts have weighed in on the company. UBS Group reissued a “buy” rating and issued a GBX 9,450 price target on shares of InterContinental Hotels Group in a report on Friday, October 17th. Berenberg Bank reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. Citigroup lifted 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 research note on Friday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd.

InterContinental Hotels Group Stock Down 1.1%

InterContinental Hotels Group stock opened at GBX 137.14 on Tuesday. InterContinental Hotels Group has a 1-year low of GBX 72.52 and a 1-year high of GBX 141.40. The business has a fifty day moving average price of GBX 6,940.27 and a 200-day moving average price of GBX 8,275.86. 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 stock has a market capitalization of £206.37 million, a price-to-earnings ratio of 0.29, 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.