InterContinental Hotels Group PLC (LON:IHG) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 4,497 ($60.52) and last traded at GBX 4,489 ($60.42), with a volume of 487573 shares changing hands. The stock had previously closed at GBX 4,489 ($60.42).

A number of research firms recently weighed in on IHG. Barclays reissued an “equal weight” rating and set a GBX 4,000 ($53.84) price target on shares of InterContinental Hotels Group in a research report on Thursday, December 7th. Morgan Stanley raised shares of InterContinental Hotels Group to an “equal weight” rating and raised their price target for the company from GBX 3,700 ($49.80) to GBX 4,200 ($56.53) in a research report on Wednesday, November 29th. Credit Suisse Group reissued an “outperform” rating and set a GBX 5,100 ($68.64) price target on shares of InterContinental Hotels Group in a research report on Tuesday, December 5th. Liberum Capital reissued a “hold” rating and set a GBX 4,600 ($61.91) price target on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Finally, Kepler Capital Markets reissued a “reduce” rating and set a GBX 3,750 ($50.47) price target on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 3,988.21 ($53.68).

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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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