InterContinental Hotels Group (LON:IHG) Given New GBX 7,500 Price Target at Citigroup

InterContinental Hotels Group (LON:IHG) had its target price reduced by research analysts at Citigroup from GBX 8,900 ($117.35) to GBX 7,500 ($98.89) in a report issued on Tuesday,Digital Look reports. The brokerage currently has a “sell” rating on the stock. Citigroup’s target price would indicate a potential downside of 3.43% from the company’s previous close.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 7,800 ($102.85) price objective on shares of InterContinental Hotels Group in a research note on Thursday, February 20th. Jefferies Financial Group restated a “hold” rating and issued a GBX 95 ($1.25) price target on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 6,159 ($81.21).

InterContinental Hotels Group Trading Up 0.3 %

InterContinental Hotels Group stock traded up GBX 22 ($0.29) during trading on Tuesday, reaching GBX 7,766 ($102.40). The company had a trading volume of 1,346,086 shares, compared to its average volume of 4,402,186. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. The firm has a market capitalization of £15.57 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a 12-month low of GBX 7,032 ($92.72) and a 12-month high of £109.75 ($144.71). The stock’s 50 day moving average price is GBX 9,046.86 and its two-hundred day moving average price is GBX 9,259.82.

Insider Transactions at InterContinental Hotels Group

In other news, insider Byron Elmer Grote bought 400 shares of InterContinental Hotels Group stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of £127.25 ($167.79) per share, with a total value of £50,900 ($67,114.98). Insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.