Brokerages Set InterContinental Hotels Group PLC (LON:IHG) PT at GBX 7,025

Shares of InterContinental Hotels Group PLC (LON:IHG) have received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 7,025.

IHG has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note on Thursday, May 7th. UBS Group reiterated a “neutral” rating and issued a GBX 150 price target on shares of InterContinental Hotels Group in a research note on Tuesday, May 5th.

Insider Activity

In related news, insider Nicholas Cadbury purchased 700 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was 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.

InterContinental Hotels Group Trading Up 1.3%

Shares of IHG stock opened at GBX 154 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 1.35 and a debt-to-equity ratio of -181.87. The stock has a market cap of £229.36 million, a P/E ratio of 0.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The stock has a 50 day simple moving average of GBX 140.33 and a 200 day simple moving average of GBX 3,184.35. InterContinental Hotels Group has a 1 year low of GBX 80.74 and a 1 year high of GBX 156.55.

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.