InterContinental Hotels Group’s (IHG) “Equal weight” Rating Reaffirmed at Barclays
InterContinental Hotels Group (LON:IHG)‘s stock had its “equal weight” rating restated by Barclays in a report released on Thursday. They currently have a GBX 4,000 ($53.84) price objective on the stock. Barclays’ price target suggests a potential downside of 9.95% from the stock’s previous close.
A number of other brokerages also recently commented on IHG. Credit Suisse Group upgraded InterContinental Hotels Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from GBX 4,600 ($61.91) to GBX 5,100 ($68.64) in a report on Wednesday, November 1st. Citigroup decreased their target price on InterContinental Hotels Group from GBX 4,400 ($59.22) to GBX 3,900 ($52.49) and set a “neutral” rating for the company in a report on Tuesday, September 12th. Morgan Stanley decreased their target price on InterContinental Hotels Group from GBX 4,000 ($53.84) to GBX 3,700 ($49.80) and set an “underweight” rating for the company in a report on Tuesday, September 5th. Deutsche Bank restated a “hold” rating on shares of InterContinental Hotels Group in a report on Friday, October 20th. Finally, Liberum Capital restated a “hold” rating and set a GBX 4,600 ($61.91) target price on shares of InterContinental Hotels Group in a report on Friday, October 20th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,988.21 ($53.68).
InterContinental Hotels Group (LON:IHG) opened at GBX 4,442 ($59.78) on Thursday. InterContinental Hotels Group has a twelve month low of GBX 3,198 ($43.04) and a twelve month high of GBX 4,492 ($60.46).
InterContinental Hotels Group 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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