Jefferies Financial Group Reiterates Buy Rating for InterContinental Hotels Group (LON:IHG)

InterContinental Hotels Group (LON:IHG)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a report issued on Friday,Digital Look reports.

Separately, UBS Group reaffirmed a “neutral” rating and set a GBX 150 target price on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 7,025.

InterContinental Hotels Group Stock Down 0.6%

InterContinental Hotels Group stock traded down GBX 0.95 during midday trading on Friday, hitting GBX 171.70. 962,556 shares of the stock were exchanged, compared to its average volume of 4,684,286. InterContinental Hotels Group has a 1 year low of GBX 82.72 and a 1 year high of GBX 175.70. The company has a debt-to-equity ratio of -181.87, a current ratio of 0.97 and a quick ratio of 1.34. The firm has a market cap of £254.97 million, a P/E ratio of 0.35, a P/E/G ratio of 1.69 and a beta of 1.04. The company has a 50 day moving average price of GBX 154.62 and a two-hundred day moving average price of GBX 1,507.87.

InterContinental Hotels Group Company Profile

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.