InterContinental Hotels Group’s (IHG) “Buy” Rating Reiterated at Berenberg Bank

InterContinental Hotels Group (LON:IHG)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a note issued to investors on Monday, MarketBeat reports.

A number of other research analysts also recently issued reports on IHG. JPMorgan Chase & Co. boosted their target price 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. UBS Group restated a “buy” rating and issued a GBX 9,450 target price on shares of InterContinental Hotels Group in a research note on Friday, October 17th. Finally, Citigroup raised 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. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, InterContinental Hotels Group presently has a consensus rating of “Hold” and an average target price of GBX 7,499.

InterContinental Hotels Group Stock Performance

Shares of LON IHG opened at GBX 134.40 on Monday. The company has a 50 day simple moving average of GBX 7,718.21 and a two-hundred day simple moving average of GBX 8,513.71. The stock has a market cap of £202.25 million, a price-to-earnings ratio of 0.28, a PEG ratio of 1.69 and a beta of 0.98. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. InterContinental Hotels Group has a 12 month low of GBX 72.52 and a 12 month high of GBX 141.40.

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.