InterContinental Hotels Group (LON:IHG) Earns Neutral Rating from UBS Group

InterContinental Hotels Group (LON:IHG)‘s stock had its “neutral” rating reissued by UBS Group in a report issued on Tuesday,Digital Look reports. They presently have a GBX 150 price target on the stock. UBS Group’s price target would indicate a potential upside of 6.38% from the stock’s current price.

IHG has been the topic of several other reports. Jefferies Financial Group restated a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, March 30th. Berenberg Bank restated a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, January 19th. Three 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 7,025.

InterContinental Hotels Group Trading Down 1.6%

LON:IHG opened at GBX 141 on Tuesday. The company has a debt-to-equity ratio of -181.87, a current ratio of 0.97 and a quick ratio of 1.35. The firm has a 50-day moving average of GBX 136.41 and a 200-day moving average of GBX 4,032.17. The company has a market cap of £210.45 million, a PE ratio of 0.29, a PEG ratio of 1.69 and a beta of 1.02. InterContinental Hotels Group has a one year low of GBX 80.74 and a one year high of GBX 150.90.

Insiders Place Their Bets

In other news, insider Nicholas Cadbury purchased 700 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of £134.34 per share, for a total transaction of £94,038. Company insiders own 2.73% of the company’s stock.

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.