InterContinental Hotels Group (IHG) Earns “Buy” Rating from Bank of America
Several other research firms also recently commented on IHG. Berenberg Bank upgraded InterContinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Goldman Sachs Group cut InterContinental Hotels Group from a “buy” rating to a “neutral” rating in a research note on Thursday, January 10th. Morgan Stanley cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, January 7th. Finally, UBS Group raised InterContinental Hotels Group from a “sell” rating to a “neutral” rating in a research note on Thursday, January 10th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $69.00.
IHG stock opened at $58.31 on Monday. InterContinental Hotels Group has a fifty-two week low of $50.84 and a fifty-two week high of $67.17.
InterContinental Hotels Group Company Profile
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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