InterContinental Hotels Group (NYSE:IHG) had its target price increased by SunTrust Banks to $66.00 in a research note issued on Tuesday, The Fly reports. The firm presently has a “hold” rating on the stock. SunTrust Banks’ price target suggests a potential upside of 1.87% from the stock’s current price. SunTrust Banks also issued estimates for InterContinental Hotels Group’s FY2018 earnings at $2.88 EPS and FY2019 earnings at $3.10 EPS.
A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Zacks Investment Research raised InterContinental Hotels Group from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Friday, February 23rd. Goldman Sachs Group raised InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Morgan Stanley raised InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 29th. Finally, Credit Suisse Group raised InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $67.13.
Shares of InterContinental Hotels Group (NYSE:IHG) opened at $64.79 on Tuesday. InterContinental Hotels Group has a 12-month low of $48.39 and a 12-month high of $69.23. The company has a debt-to-equity ratio of -2.22, a current ratio of 0.64 and a quick ratio of 0.64.
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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.
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