Credit Suisse Group Reaffirms Outperform Rating for InterContinental Hotels Group PLC (IHG)
Credit Suisse Group reaffirmed their outperform rating on shares of InterContinental Hotels Group PLC (LON:IHG) in a research report released on Monday. The firm currently has a GBX 5,100 ($67.08) target price on the stock.
Several other research analysts have also issued reports on the company. Morgan Stanley reduced their target price on InterContinental Hotels Group PLC from GBX 4,000 ($52.61) to GBX 3,700 ($48.67) and set an underweight rating on the stock in a research report on Tuesday, September 5th. Deutsche Bank AG upped their target price on InterContinental Hotels Group PLC from GBX 3,500 ($46.03) to GBX 4,000 ($52.61) and gave the company a hold rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co reaffirmed an underweight rating and set a GBX 3,450 ($45.38) target price on shares of InterContinental Hotels Group PLC in a research report on Monday, October 23rd. Barclays PLC reaffirmed an equal weight rating and set a GBX 4,000 ($52.61) target price on shares of InterContinental Hotels Group PLC in a research report on Thursday, July 27th. Finally, Kepler Capital Markets reaffirmed a reduce rating and set a GBX 3,656 ($48.09) target price on shares of InterContinental Hotels Group PLC in a research report on Tuesday, September 19th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 3,952.50 ($51.99).
Shares of InterContinental Hotels Group PLC (IHG) opened at GBX 4,331 ($56.96) on Monday. InterContinental Hotels Group PLC has a 12 month low of GBX 3,198 ($42.06) and a 12 month high of GBX 4,492 ($59.08).
WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.watchlistnews.com/credit-suisse-group-reaffirms-outperform-rating-for-intercontinental-hotels-group-plc-ihg/1721027.html.
About InterContinental Hotels Group PLC
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
Receive News & Ratings for InterContinental Hotels Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.