InterContinental Hotels Group PLC (IHG) Receives Average Rating of “Hold” from Brokerages
Shares of InterContinental Hotels Group PLC (LON:IHG) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 3,960 ($52.08).
Several equities analysts recently weighed in on IHG shares. Barclays PLC reiterated an “equal weight” rating and set a GBX 4,000 ($52.61) target price on shares of InterContinental Hotels Group in a research report on Thursday, August 31st. Goldman Sachs Group Inc reiterated a “neutral” rating on shares of InterContinental Hotels Group in a research report on Monday, September 11th. Citigroup Inc. lowered their target price on InterContinental Hotels Group from GBX 4,400 ($57.87) to GBX 3,900 ($51.30) and set a “neutral” rating on the stock in a research report on Tuesday, September 12th. Kepler Capital Markets reiterated a “reduce” rating and set a GBX 3,750 ($49.32) target price on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Finally, Deutsche Bank AG raised their price target on InterContinental Hotels Group from GBX 3,500 ($46.03) to GBX 4,000 ($52.61) and gave the company a “hold” rating in a report on Wednesday, August 2nd.
InterContinental Hotels Group (IHG) traded up GBX 32 ($0.42) during midday trading on Monday, reaching GBX 4,376 ($57.56). The company had a trading volume of 399,845 shares, compared to its average volume of 544,923. InterContinental Hotels Group has a 12 month low of GBX 3,198 ($42.06) and a 12 month high of GBX 4,492 ($59.08).
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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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