InterContinental Hotels Group (IHG) Lifted to Equal Weight at Morgan Stanley
Morgan Stanley upgraded shares of InterContinental Hotels Group (NYSE:IHG) from an underweight rating to an equal weight rating in a research note released on Wednesday, Marketbeat.com reports.
IHG has been the subject of a number of other reports. Zacks Investment Research cut shares of InterContinental Hotels Group from a hold rating to a sell rating in a research report on Wednesday, September 6th. BidaskClub cut shares of InterContinental Hotels Group from a buy rating to a hold rating in a research report on Friday, August 11th. Bank of America upped their price target on shares of InterContinental Hotels Group from $60.50 to $62.38 and gave the stock a buy rating in a research report on Friday, October 20th. Finally, Credit Suisse Group raised shares of InterContinental Hotels Group from a neutral rating to an outperform rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $52.60.
Shares of InterContinental Hotels Group (NYSE IHG) traded up $0.56 during trading on Wednesday, reaching $59.22. 502,774 shares of the company were exchanged, compared to its average volume of 151,824. The company has a debt-to-equity ratio of -1.92, a current ratio of 0.73 and a quick ratio of 0.72. InterContinental Hotels Group has a 12-month low of $42.87 and a 12-month high of $59.48.
About InterContinental Hotels Group
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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