InterContinental Hotels Group PLC (LON:IHG) Receives Average Rating of “Moderate Buy” from Brokerages

InterContinental Hotels Group PLC (LON:IHG) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 7,512.

IHG has been the subject of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 160 target price on shares of InterContinental Hotels Group in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Finally, Berenberg Bank reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note on Monday, January 19th.

InterContinental Hotels Group Stock Down 1.9%

Shares of LON IHG traded down GBX 2.48 during midday trading on Monday, hitting GBX 127.67. 303,607 shares of the stock traded hands, compared to its average volume of 2,316,623. InterContinental Hotels Group has a one year low of GBX 72.52 and a one year high of GBX 150.90. The business has a 50 day moving average price of GBX 136.76 and a two-hundred day moving average price of GBX 5,522.39. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.35 and a current ratio of 0.97. The company has a market cap of £191.67 million, a PE ratio of 0.26, a P/E/G ratio of 1.69 and a beta of 1.07.

Insider Transactions at InterContinental Hotels Group

In other news, insider Nicholas Cadbury bought 700 shares of the stock in a transaction on Wednesday, March 4th. The shares were acquired at an average cost of £134.34 per share, for a total transaction of £94,038. Company insiders own 3.38% of the company’s stock.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

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.