InterContinental Hotels Group (LON:IHG)‘s stock had its “hold” rating restated by stock analysts at Liberum Capital in a research report issued to clients and investors on Wednesday. They currently have a GBX 4,950 ($68.39) price objective on the stock. Liberum Capital’s price target indicates a potential upside of 8.55% from the stock’s previous close.
A number of other equities research analysts have also commented on IHG. JPMorgan Chase & Co. upped their price objective on shares of InterContinental Hotels Group from GBX 3,540 ($48.91) to GBX 3,680 ($50.84) and gave the company an “underweight” rating in a research note on Friday, January 12th. Barclays reaffirmed an “equal weight” rating and issued a GBX 4,000 ($55.26) price objective on shares of InterContinental Hotels Group in a research note on Thursday, January 11th. Credit Suisse Group upped their price objective on shares of InterContinental Hotels Group from GBX 5,100 ($70.46) to GBX 5,800 ($80.13) and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. Bryan, Garnier & Co reaffirmed a “sell” rating and issued a GBX 4,100 ($56.65) price objective on shares of InterContinental Hotels Group in a research note on Tuesday, February 20th. Finally, Morgan Stanley raised shares of InterContinental Hotels Group to an “equal weight” rating and upped their price objective for the company from GBX 3,700 ($51.12) to GBX 4,200 ($58.03) in a research note on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 4,460.83 ($61.63).
Shares of InterContinental Hotels Group (IHG) opened at GBX 4,560 ($63.00) on Wednesday. InterContinental Hotels Group has a 1-year low of GBX 3,656 ($50.51) and a 1-year high of GBX 4,944 ($68.31). The firm has a market cap of $8,660.00 and a P/E ratio of 2,063.35.
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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