InterContinental Hotels Group (IHG) Shares Up 0.4%
InterContinental Hotels Group PLC (LON:IHG) shares shot up 0.4% on Thursday . The stock traded as high as GBX 4,515 ($60.77) and last traded at GBX 4,505 ($60.63). 600,616 shares were traded during trading, an increase of 13% from the average session volume of 529,621 shares. The stock had previously closed at GBX 4,489 ($60.42).
Several brokerages have weighed in on IHG. Barclays restated an “equal weight” rating and set a GBX 4,000 ($53.84) target price on shares of InterContinental Hotels Group in a research report on Thursday, December 7th. Credit Suisse Group restated an “outperform” rating and set a GBX 5,100 ($68.64) target price on shares of InterContinental Hotels Group in a research report on Tuesday, December 5th. Berenberg Bank restated a “hold” rating on shares of InterContinental Hotels Group in a research report on Wednesday, August 23rd. Kepler Capital Markets restated a “reduce” rating and set a GBX 3,750 ($50.47) target price on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Finally, Liberum Capital restated a “hold” rating and set a GBX 4,600 ($61.91) target price on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 3,988.21 ($53.68).
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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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