Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of InterContinental Hotels Group (LON:IHG – Get Rating) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a GBX 5,520 ($65.27) price objective on the stock.
Several other equities analysts have also issued reports on the stock. Berenberg Bank lifted their price objective on shares of InterContinental Hotels Group from GBX 5,700 ($67.40) to GBX 6,500 ($76.86) and gave the company a buy rating in a report on Thursday, September 15th. Royal Bank of Canada reissued an overweight rating and set a GBX 6,100 ($72.13) price objective on shares of InterContinental Hotels Group in a report on Wednesday, August 10th. Shore Capital lowered shares of InterContinental Hotels Group to a neutral rating in a report on Friday, August 19th. Citigroup reaffirmed a neutral rating and issued a GBX 4,980 ($58.89) price target on shares of InterContinental Hotels Group in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. lowered shares of InterContinental Hotels Group to a neutral rating and cut their price target for the stock from GBX 6,100 ($72.13) to GBX 5,900 ($69.76) in a report on Friday, August 26th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, InterContinental Hotels Group has an average rating of Moderate Buy and an average target price of GBX 5,700 ($67.40).
InterContinental Hotels Group Stock Performance
Shares of LON:IHG opened at GBX 4,759 ($56.27) on Tuesday. The firm has a market cap of £8.40 billion and a PE ratio of 2,428.06. The firm’s 50 day simple moving average is GBX 4,578.81 and its 200-day simple moving average is GBX 4,674.53. InterContinental Hotels Group has a one year low of GBX 4,174 ($49.36) and a one year high of GBX 5,386 ($63.69).
About InterContinental Hotels Group
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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.
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