Analysts Set InterContinental Hotels Group PLC (IHG) Price Target at $2,920.32
Shares of InterContinental Hotels Group PLC (LON:IHG) have earned an average rating of “Hold” from the twenty research firms that are currently covering the company. Six research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 2,920.32 ($36.17).
A number of analysts have recently weighed in on the company. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 3,550 ($43.97) target price on shares of InterContinental Hotels Group PLC in a research note on Tuesday, October 25th. Beaufort Securities reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a report on Monday, October 24th. Kepler Capital Markets cut InterContinental Hotels Group PLC to a “reduce” rating and decreased their price target for the company from GBX 3,074 ($38.08) to GBX 3,022.80 ($37.44) in a report on Monday, October 24th. Barclays PLC raised their price target on InterContinental Hotels Group PLC from GBX 2,955 ($36.60) to GBX 3,060 ($37.90) and gave the company an “equal weight” rating in a report on Monday, October 24th. Finally, Panmure Gordon reiterated a “hold” rating and issued a GBX 2,800 ($34.68) price target on shares of InterContinental Hotels Group PLC in a report on Friday, October 21st.
In related news, insider Richard Solomons sold 37,340 shares of InterContinental Hotels Group PLC stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of GBX 3,157 ($39.11), for a total value of £1,178,823.80 ($1,460,205.38).
InterContinental Hotels Group PLC (LON:IHG) opened at 3083.00 on Wednesday. InterContinental Hotels Group PLC has a one year low of GBX 2,162.48 and a one year high of GBX 3,376.00. The firm’s market cap is GBX 7.03 billion. The stock has a 50 day moving average price of GBX 3,175.84 and a 200-day moving average price of GBX 3,019.02.
InterContinental Hotels Group PLC Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s segments include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Company operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
Receive News & Stock Ratings for InterContinental Hotels Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group PLC and related stocks with our FREE daily email newsletter.