InterContinental Hotels Group PLC (LON:IHG) Stock Rating Reaffirmed by Numis Securities Ltd
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “hold” rating reaffirmed by investment analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They presently have a GBX 4,200 ($54.69) target price on the stock. Numis Securities Ltd’s price target suggests a potential upside of 0.86% from the stock’s current price.
Other research analysts have also issued reports about the stock. Barclays PLC restated an “equal weight” rating and issued a GBX 4,000 ($52.09) target price on shares of InterContinental Hotels Group PLC in a report on Thursday, July 27th. J P Morgan Chase & Co increased their price objective on shares of InterContinental Hotels Group PLC from GBX 3,415 ($44.47) to GBX 3,450 ($44.93) and gave the stock an “underweight” rating in a report on Monday, July 31st. Deutsche Bank AG increased their target price on shares of InterContinental Hotels Group PLC from GBX 3,500 ($45.58) to GBX 4,000 ($52.09) and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Beaufort Securities reissued a “buy” rating on shares of InterContinental Hotels Group PLC in a research report on Monday, May 8th. Finally, Morgan Stanley downgraded shares of InterContinental Hotels Group PLC from an “equal” rating to an “underweight” rating and increased their target price for the stock from GBX 3,800 ($49.49) to GBX 4,300 ($56.00) in a research report on Thursday, June 15th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. InterContinental Hotels Group PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 3,804.44 ($49.54).
InterContinental Hotels Group PLC (LON IHG) opened at 4058.00 on Tuesday. InterContinental Hotels Group PLC has a 1-year low of GBX 3,088.63 and a 1-year high of GBX 4,492.00. The stock’s market capitalization is GBX 7.64 billion. The stock has a 50 day moving average of GBX 4,307.79 and a 200 day moving average of GBX 4,172.37.
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In related news, insider Richard Solomons sold 31,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of GBX 4,413 ($57.47), for a total transaction of £1,368,030 ($1,781,521.03).
InterContinental Hotels Group PLC 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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