Intercontinental Hotels Group (IHG) Coverage Initiated at Royal Bank of Canada
Investment analysts at Royal Bank of Canada began coverage on shares of Intercontinental Hotels Group (LON:IHG) in a research report issued on Tuesday. The brokerage set a “sector performer” rating and a GBX 4,500 ($58.80) price target on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 10.38% from the company’s current price.
IHG has been the topic of several other reports. Credit Suisse Group restated an “outperform” rating on shares of Intercontinental Hotels Group in a report on Thursday, August 23rd. Citigroup downgraded shares of Intercontinental Hotels Group to a “sell” rating in a report on Monday, September 3rd. Barclays restated an “equal weight” rating on shares of Intercontinental Hotels Group in a report on Friday, November 16th. Numis Securities restated a “hold” rating on shares of Intercontinental Hotels Group in a report on Tuesday, August 7th. Finally, Kepler Capital Markets restated a “reduce” rating on shares of Intercontinental Hotels Group in a report on Tuesday, August 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 4,663.64 ($60.94).
Shares of IHG stock opened at GBX 4,077 ($53.27) on Tuesday. Intercontinental Hotels Group has a 52 week low of GBX 3,656 ($47.77) and a 52 week high of GBX 4,944 ($64.60).
About Intercontinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, and Candlewood Suites brands.
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