Media coverage about InterContinental Hotels Group (NYSE:IHG) has trended positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. InterContinental Hotels Group earned a news impact score of 0.45 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.061393745807 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of InterContinental Hotels Group (IHG) traded down $0.44 during mid-day trading on Monday, hitting $65.90. 104,500 shares of the stock were exchanged, compared to its average volume of 403,109. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of -1.92. InterContinental Hotels Group has a 12 month low of $48.39 and a 12 month high of $69.23.
A number of brokerages have recently issued reports on IHG. Zacks Investment Research cut shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Credit Suisse Group raised shares of InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 1st. Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. ValuEngine raised shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Finally, Morgan Stanley raised shares of InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. InterContinental Hotels Group presently has a consensus rating of “Hold” and an average price target of $59.13.
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.
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