InterContinental Hotels Group PLC (LON:IHG) Receives Average Recommendation of “Hold” from Brokerages

InterContinental Hotels Group PLC (LON:IHG) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 7,025.

Several equities research analysts have commented on IHG shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a report on Friday, June 26th. UBS Group reiterated a “neutral” rating and issued a GBX 150 target price on shares of InterContinental Hotels Group in a research note on Tuesday, May 5th.

InterContinental Hotels Group Trading Down 0.1%

Shares of IHG opened at GBX 163.80 on Thursday. The business has a 50-day moving average of GBX 162.52 and a 200 day moving average of GBX 150.57. InterContinental Hotels Group has a fifty-two week low of GBX 86.18 and a fifty-two week high of GBX 175.70. The firm has a market cap of £242.19 million, a P/E ratio of 0.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a debt-to-equity ratio of -152.48, a quick ratio of 1.34 and a current ratio of 0.66.

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.