Shares of InterContinental Hotels Group PLC (LON:IHG) shot up 0% on Monday . The company traded as high as GBX 42.94 ($0.56) and last traded at GBX 4,309 ($56.67). 323,048 shares changed hands during trading, a decline of 42% from the average session volume of 554,279 shares. The stock had previously closed at GBX 4,309 ($56.67).

A number of research firms have recently weighed in on IHG. Kepler Capital Markets reiterated a “reduce” rating and set a GBX 3,656 ($48.09) target price on shares of InterContinental Hotels Group PLC in a research report on Tuesday, August 8th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 4,200 ($55.24) target price on shares of InterContinental Hotels Group PLC in a research report on Tuesday, August 8th. Liberum Capital reiterated a “hold” rating and set a GBX 4,600 ($60.50) target price on shares of InterContinental Hotels Group PLC in a research report on Tuesday, August 8th. Barclays PLC reiterated an “equal weight” rating and set a GBX 4,000 ($52.61) target price on shares of InterContinental Hotels Group PLC in a research report on Thursday, July 27th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 5,100 ($67.08) target price on shares of InterContinental Hotels Group PLC in a research report on Monday. Five analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 3,952.50 ($51.99).

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About InterContinental Hotels Group PLC

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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