Citigroup Lowers InterContinental Hotels Group (LON:IHG) Price Target to GBX 7,500

InterContinental Hotels Group (LON:IHG) had its price objective decreased by analysts at Citigroup from GBX 8,900 ($117.35) to GBX 7,500 ($98.89) in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has a “sell” rating on the stock. Citigroup’s target price points to a potential downside of 3.43% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 7,800 ($102.85) price objective on shares of InterContinental Hotels Group in a research note on Thursday, February 20th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 95 ($1.25) target price on shares of InterContinental Hotels Group in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 6,159 ($81.21).

InterContinental Hotels Group Trading Up 0.3 %

LON:IHG traded up GBX 22 ($0.29) during trading hours on Tuesday, reaching GBX 7,766 ($102.40). 1,346,086 shares of the stock were exchanged, compared to its average volume of 4,402,186. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The company has a market capitalization of £15.57 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a twelve month low of GBX 7,032 ($92.72) and a twelve month high of £109.75 ($144.71). The business has a 50-day moving average of GBX 9,046.86 and a two-hundred day moving average of GBX 9,259.82.

Insider Activity at InterContinental Hotels Group

In other news, insider Byron Elmer Grote purchased 400 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of £127.25 ($167.79) per share, with a total value of £50,900 ($67,114.98). 5.99% of the stock is currently owned by insiders.

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.