InterContinental Hotels Group PLC (IHG) Trading Up 0%
InterContinental Hotels Group PLC (LON:IHG) was up 0% on Monday . The company traded as high as GBX 4,388 ($58.50) and last traded at GBX 4,376 ($58.34). Approximately 414,463 shares were traded during trading, a decline of 24% from the average daily volume of 544,923 shares. The stock had previously closed at GBX 4,376 ($58.34).
A number of equities research analysts recently weighed in on IHG shares. J P Morgan Chase & Co boosted their price objective on InterContinental Hotels Group from GBX 3,415 ($45.53) to GBX 3,450 ($45.99) and gave the stock an “underweight” rating in a research report on Monday, July 31st. Deutsche Bank AG upped their price target on InterContinental Hotels Group from GBX 3,500 ($46.66) to GBX 4,000 ($53.33) and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 4,200 ($55.99) price target on shares of InterContinental Hotels Group in a research report on Tuesday, August 8th. Liberum Capital reiterated a “hold” rating and issued a GBX 4,600 ($61.33) price target on shares of InterContinental Hotels Group in a research report on Tuesday, August 8th. Finally, Kepler Capital Markets reiterated a “reduce” rating and issued a GBX 3,656 ($48.74) price target on shares of InterContinental Hotels Group in a research report on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. InterContinental Hotels Group currently has an average rating of “Hold” and a consensus target price of GBX 3,952.50 ($52.69).
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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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