InterContinental Hotels Group PLC (LON:IHG) Given Consensus Rating of “Hold” by Analysts

InterContinental Hotels Group PLC (LON:IHG) has received an average rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 9,350.

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Citigroup boosted their price objective on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a research report on Friday, October 24th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th.

InterContinental Hotels Group Stock Up 0.4%

IHG stock opened at GBX 142.80 on Friday. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The stock has a market capitalization of £214.89 million, a P/E ratio of 0.30, a P/E/G ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a fifty-two week low of GBX 72.52 and a fifty-two week high of GBX 150.90. The business has a 50-day moving average of GBX 3,032.07 and a 200-day moving average of GBX 7,091.95.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.