Credit Suisse Group Raises InterContinental Hotels Group (IHG) Price Target to GBX 5,800

InterContinental Hotels Group (LON:IHG) had its price objective increased by Credit Suisse Group from GBX 5,100 ($68.19) to GBX 5,800 ($77.55) in a research report released on Tuesday morning. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Morgan Stanley cut their price objective on shares of InterContinental Hotels Group from GBX 4,000 ($53.48) to GBX 3,700 ($49.47) and set an underweight rating on the stock in a research note on Tuesday, September 5th. JPMorgan Chase & Co. restated an underweight rating and set a GBX 3,450 ($46.13) price objective on shares of InterContinental Hotels Group in a research note on Monday, October 23rd. Barclays restated an equal weight rating and set a GBX 4,000 ($53.48) price objective on shares of InterContinental Hotels Group in a research note on Thursday, December 7th. Deutsche Bank restated a hold rating on shares of InterContinental Hotels Group in a research note on Friday, October 20th. Finally, Kepler Capital Markets restated a reduce rating and set a GBX 3,656 ($48.88) price objective on shares of InterContinental Hotels Group in a research note on Tuesday, September 19th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 4,038.21 ($53.99).

Shares of InterContinental Hotels Group (LON IHG) traded down GBX 6 ($0.08) during midday trading on Tuesday, hitting GBX 4,689 ($62.70). 250,339 shares of the company were exchanged, compared to its average volume of 549,235. InterContinental Hotels Group has a fifty-two week low of GBX 3,642 ($48.70) and a fifty-two week high of GBX 4,755 ($63.58). The company has a market capitalization of $8,890.00 and a PE ratio of 2,841.82.

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InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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