Barclays restated their equal weight rating on shares of InterContinental Hotels Group (LON:IHG) in a research note released on Thursday, November 16th. Barclays currently has a GBX 4,000 ($53.84) price objective on the stock.
Several other analysts also recently weighed in on IHG. Beaufort Securities reaffirmed a buy rating and set a GBX 4,700 ($63.26) target price on shares of InterContinental Hotels Group in a research note on Wednesday, August 9th. Liberum Capital reaffirmed a hold rating and set a GBX 4,600 ($61.91) target price on shares of InterContinental Hotels Group in a research note on Tuesday, August 8th. Kepler Capital Markets reiterated a reduce rating and set a GBX 3,656 ($49.21) price target on shares of InterContinental Hotels Group in a research report on Tuesday, August 8th. Numis Securities reiterated a hold rating and set a GBX 4,200 ($56.53) price target on shares of InterContinental Hotels Group in a research report on Tuesday, August 8th. Finally, Berenberg Bank reiterated a hold rating on shares of InterContinental Hotels Group in a research report on Wednesday, August 23rd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. InterContinental Hotels Group currently has a consensus rating of Hold and an average target price of GBX 3,988.21 ($53.68).
Shares of InterContinental Hotels Group (LON IHG) traded up GBX 36 ($0.48) during midday trading on Thursday, hitting GBX 4,403 ($59.26). The company had a trading volume of 606,729 shares, compared to its average volume of 572,427. InterContinental Hotels Group has a 1-year low of GBX 3,198 ($43.04) and a 1-year high of GBX 4,492 ($60.46).
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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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