Intercontinental Hotels Group (IHG) Lifted to “Neutral” at UBS Group
UBS Group upgraded shares of Intercontinental Hotels Group (LON:IHG) to a neutral rating in a report released on Wednesday, investing.thisismoney.co.uk reports. The firm currently has GBX 4,500 ($58.80) price target on the stock, up from their previous price target of GBX 4,275 ($55.86).
A number of other analysts also recently commented on the stock. Bryan, Garnier & Co reiterated a sell rating on shares of Intercontinental Hotels Group in a report on Tuesday. Barclays reiterated an equal weight rating on shares of Intercontinental Hotels Group in a report on Thursday, February 7th. Morgan Stanley downgraded shares of Intercontinental Hotels Group from an equal rating to a weight rating in a report on Monday, January 7th. Finally, Royal Bank of Canada began coverage on shares of Intercontinental Hotels Group in a report on Tuesday, December 4th. They issued a sector performer rating and a GBX 4,500 ($58.80) price objective for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 4,788.89 ($62.58).
IHG stock opened at GBX 4,597 ($60.07) on Wednesday. Intercontinental Hotels Group has a 12 month low of GBX 3,656 ($47.77) and a 12 month 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, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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