InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays PLC in a research note issued on Thursday. They presently have a GBX 3,060 ($38.23) price objective on the stock. Barclays PLC’s price objective suggests a potential downside of 5.85% from the company’s previous close.

A number of other research firms also recently issued reports on IHG. Credit Suisse Group AG raised their price objective on shares of InterContinental Hotels Group PLC from GBX 3,500 ($43.73) to GBX 3,550 ($44.35) and gave the stock an “outperform” rating in a report on Tuesday, September 13th. Morgan Stanley downgraded shares of InterContinental Hotels Group PLC from an “equal” rating to an “underweight” rating and dropped their price objective for the stock from GBX 3,300 ($41.23) to GBX 3,100 ($38.73) in a report on Monday, September 26th. Panmure Gordon reissued a “hold” rating and issued a GBX 2,800 ($34.98) price objective on shares of InterContinental Hotels Group PLC in a report on Tuesday, August 2nd. HSBC reissued a “reduce” rating and issued a GBX 2,900 ($36.23) price objective on shares of InterContinental Hotels Group PLC in a report on Monday, November 14th. Finally, Bryan, Garnier & Co downgraded shares of InterContinental Hotels Group PLC to a “sell” rating and raised their price objective for the stock from GBX 2,650 ($33.11) to GBX 2,950 ($36.86) in a report on Tuesday, September 27th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. InterContinental Hotels Group PLC has an average rating of “Hold” and a consensus target price of GBX 2,934.32 ($36.66).

Analyst Recommendations for InterContinental Hotels Group PLC (LON:IHG)

InterContinental Hotels Group PLC (LON:IHG) opened at 3250.00 on Thursday. The stock’s market cap is GBX 7.41 billion. InterContinental Hotels Group PLC has a 1-year low of GBX 2,504.00 and a 1-year high of GBX 3,528.00. The firm has a 50-day moving average of GBX 3,177.92 and a 200-day moving average of GBX 3,010.64.

In other InterContinental Hotels Group PLC news, insider Richard Solomons sold 37,340 shares of InterContinental Hotels Group PLC stock in a transaction on Monday, October 31st. The shares were sold at an average price of GBX 3,157 ($39.44), for a total transaction of £1,178,823.80 ($1,472,793.35).

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About InterContinental Hotels Group PLC

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.

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