InterContinental Hotels Group PLC (LON:IHG) Receives Average Recommendation of “Hold” from Analysts

InterContinental Hotels Group PLC (LON:IHG) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 7,025.

Several equities research analysts have recently weighed in on IHG shares. UBS Group reiterated a “neutral” rating and set a GBX 150 price target on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a report on Friday, June 26th.

InterContinental Hotels Group Stock Performance

Shares of IHG opened at GBX 163.55 on Wednesday. The stock’s 50-day simple moving average is GBX 158.75 and its 200 day simple moving average is GBX 946.70. The stock has a market capitalization of £241.82 million, a price-to-earnings ratio of 0.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.34 and a current ratio of 0.97. InterContinental Hotels Group has a 52-week low of GBX 84.58 and a 52-week high of GBX 175.70.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

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.