Intercontinental Hotels Group (LON:IHG) PT Lowered to GBX 5,100
Intercontinental Hotels Group (LON:IHG) had its price target trimmed by Goldman Sachs Group from GBX 5,300 ($69.25) to GBX 5,100 ($66.64) in a research report sent to investors on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has a neutral rating on the stock.
A number of other analysts have also weighed in on IHG. Morgan Stanley restated an underweight rating on shares of Intercontinental Hotels Group in a report on Monday, October 14th. Deutsche Bank restated a hold rating on shares of Intercontinental Hotels Group in a report on Monday, October 21st. JPMorgan Chase & Co. lowered Intercontinental Hotels Group to an underweight rating and upped their target price for the stock from GBX 4,350 ($56.84) to GBX 4,700 ($61.41) in a report on Thursday, September 12th. UBS Group restated a sell rating and set a GBX 4,400 ($57.49) target price (down previously from GBX 4,800 ($62.72)) on shares of Intercontinental Hotels Group in a report on Thursday, October 24th. Finally, Kepler Capital Markets restated a reduce rating on shares of Intercontinental Hotels Group in a report on Monday, September 9th. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 4,973.50 ($64.99).
Intercontinental Hotels Group stock traded up GBX 4 ($0.05) during mid-day trading on Wednesday, reaching GBX 4,761 ($62.21). 249,044 shares of the company were exchanged, compared to its average volume of 648,968. The business has a fifty day moving average of GBX 4,757.59 and a 200 day moving average of GBX 5,082.27. The firm has a market cap of $8.69 billion and a P/E ratio of 20.63. Intercontinental Hotels Group has a 12-month low of GBX 4,184.21 ($54.67) and a 12-month high of GBX 5,770 ($75.40).
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 HOTELS, 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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