JPMorgan Chase & Co. Boosts InterContinental Hotels Group (LON:IHG) Price Target to £119

InterContinental Hotels Group (LON:IHG) had its price target boosted by equities researchers at JPMorgan Chase & Co. from £104 to £119 in a report released on Tuesday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 18.94% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Citigroup raised their price target on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the company a “sell” rating in a research report on Friday, October 24th. UBS Group reissued a “buy” rating and issued a GBX 9,450 price objective on shares of InterContinental Hotels Group in a research note on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the company a “hold” rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 7,499.

InterContinental Hotels Group Stock Up 0.1%

Shares of InterContinental Hotels Group stock traded up GBX 5 during trading hours on Tuesday, reaching £100.05. The company’s stock had a trading volume of 306,584 shares, compared to its average volume of 2,198,261. The company has a market capitalization of £15.11 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.69 and a beta of 0.98. The stock’s fifty day simple moving average is GBX 9,375.95 and its two-hundred day simple moving average is GBX 8,928.96. InterContinental Hotels Group has a one year low of GBX 7,252 and a one year high of £109.75. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85.

About InterContinental Hotels Group

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.