InterContinental Hotels Group PLC (LON:IHG) Given Consensus Rating of “Hold” by Brokerages

InterContinental Hotels Group PLC (LON:IHG) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 7,499.

IHG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Berenberg Bank reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note on Monday. Citigroup boosted their target price on InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a report on Friday, October 24th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 9,450 price target on shares of InterContinental Hotels Group in a report on Friday, October 17th.

InterContinental Hotels Group Stock Down 1.1%

IHG opened at GBX 134.55 on Tuesday. The firm’s 50-day simple moving average is GBX 7,718.21 and its 200-day simple moving average is GBX 8,513.71. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. InterContinental Hotels Group has a twelve month low of GBX 72.52 and a twelve month high of GBX 141.40. The firm has a market cap of £202.48 million, a price-to-earnings ratio of 0.29, a PEG ratio of 1.69 and a beta of 0.98.

About InterContinental Hotels Group

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.