InterContinental Hotels Group PLC (IHG) Rating Reiterated by Barclays PLC
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “equal weight” rating restated by analysts at Barclays PLC in a research note issued on Thursday. They currently have a GBX 4,000 ($51.73) target price on the stock. Barclays PLC’s price target would suggest a potential upside of 3.44% from the stock’s current price.
Several other analysts have also recently commented on the company. Credit Suisse Group cut InterContinental Hotels Group PLC to a “neutral” rating and raised their price target for the company from GBX 4,500 ($58.20) to GBX 4,600 ($59.49) in a report on Monday, June 19th. Liberum Capital initiated coverage on InterContinental Hotels Group PLC in a report on Wednesday, July 5th. They issued a “hold” rating and a GBX 4,600 ($59.49) price target for the company. Deutsche Bank AG raised their price target on InterContinental Hotels Group PLC from GBX 3,500 ($45.27) to GBX 4,000 ($51.73) and gave the company a “hold” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 3,415 ($44.17) price target on shares of InterContinental Hotels Group PLC in a report on Monday, May 15th. Finally, Beaufort Securities reissued a “buy” rating on shares of InterContinental Hotels Group PLC in a report on Monday, May 8th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 3,840.06 ($49.66).
Shares of InterContinental Hotels Group PLC (IHG) opened at 3867.00 on Thursday. The company’s 50 day moving average price is GBX 4,126.35 and its 200-day moving average price is GBX 4,170.19. InterContinental Hotels Group PLC has a 12-month low of GBX 2,957.20 and a 12-month high of GBX 4,492.00. The firm’s market cap is GBX 7.58 billion.
In other news, insider Richard Solomons sold 31,000 shares of InterContinental Hotels Group PLC stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of GBX 4,413 ($57.07), for a total value of £1,368,030 ($1,769,309.36).
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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