InterContinental Hotels Group (IHG) PT Raised to GBX 3,680 at JPMorgan Chase & Co.
InterContinental Hotels Group (LON:IHG) had its price objective upped by research analysts at JPMorgan Chase & Co. from GBX 3,540 ($48.01) to GBX 3,680 ($49.91) in a report released on Friday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 22.80% from the company’s previous close.
Several other research analysts have also recently weighed in on IHG. Kepler Capital Markets reaffirmed a “reduce” rating and set a GBX 3,656 ($49.58) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, September 19th. Deutsche Bank reaffirmed a “hold” rating on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Liberum Capital reaffirmed a “hold” rating and set a GBX 4,600 ($62.38) price objective on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Credit Suisse Group raised InterContinental Hotels Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from GBX 4,600 ($62.38) to GBX 5,100 ($69.16) in a research report on Wednesday, November 1st. Finally, Barclays reaffirmed an “equal weight” rating and set a GBX 4,000 ($54.24) price objective on shares of InterContinental Hotels Group in a research report on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 4,054.64 ($54.99).
InterContinental Hotels Group (IHG) opened at GBX 4,767 ($64.65) on Friday. The firm has a market capitalization of $9,040.00 and a PE ratio of 2,889.09. InterContinental Hotels Group has a 52-week low of GBX 3,642 ($49.39) and a 52-week high of GBX 4,755 ($64.48).
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InterContinental Hotels Group Company Profile
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.
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