Intercontinental Hotels Group’s (IHG) “Hold” Rating Reaffirmed at Numis Securities
Intercontinental Hotels Group (LON:IHG)‘s stock had its “hold” rating restated by stock analysts at Numis Securities in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently issued reports on IHG. Berenberg Bank raised their target price on shares of Intercontinental Hotels Group from GBX 4,850 ($63.37) to GBX 5,300 ($69.25) and gave the company a “buy” rating in a research note on Wednesday, May 15th. Main First Bank began coverage on shares of Intercontinental Hotels Group in a research note on Tuesday, April 16th. They issued an “outperform” rating and a GBX 5,600 ($73.17) target price for the company. Goldman Sachs Group lowered their price target on shares of Intercontinental Hotels Group from GBX 5,368.42 ($70.15) to GBX 5,100 ($66.64) and set a “neutral” rating on the stock in a report on Monday, April 15th. Bryan, Garnier & Co reissued a “sell” rating on shares of Intercontinental Hotels Group in a report on Tuesday, February 19th. Finally, UBS Group raised shares of Intercontinental Hotels Group to a “neutral” rating and increased their price target for the company from GBX 4,275 ($55.86) to GBX 4,500 ($58.80) in a report on Wednesday, February 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Intercontinental Hotels Group has a consensus rating of “Hold” and an average target price of GBX 5,037.50 ($65.82).
Shares of LON:IHG opened at GBX 5,229 ($68.33) on Friday. Intercontinental Hotels Group has a 52-week low of GBX 4,052.63 ($52.95) and a 52-week high of GBX 5,315.79 ($69.46). The stock has a market capitalization of $9.45 billion and a P/E ratio of 27.18.
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 HOTELS, 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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