InterContinental Hotels Group (IHG) Trading Up 0%

InterContinental Hotels Group PLC (LON:IHG)’s share price was up 0% during trading on Thursday . The company traded as high as GBX 4,751 ($64.43) and last traded at GBX 4,745 ($64.35). Approximately 485,767 shares traded hands during trading, a decline of 17% from the average daily volume of 583,449 shares. The stock had previously closed at GBX 4,745 ($64.35).

A number of equities analysts have recently commented on IHG shares. Barclays reaffirmed an “equal weight” rating and set a GBX 4,000 ($54.24) price objective on shares of InterContinental Hotels Group in a report on Thursday, December 21st. Kepler Capital Markets reaffirmed a “reduce” rating and set a GBX 3,750 ($50.85) price objective on shares of InterContinental Hotels Group in a report on Friday, October 20th. Credit Suisse Group raised shares of InterContinental Hotels Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from GBX 4,600 ($62.38) to GBX 5,100 ($69.16) in a report on Wednesday, November 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 3,450 ($46.79) target price on shares of InterContinental Hotels Group in a research report on Monday, October 23rd. Finally, Morgan Stanley upgraded shares of InterContinental Hotels Group to an “equal weight” rating and increased their target price for the stock from GBX 3,700 ($50.18) to GBX 4,200 ($56.96) in a research report on Wednesday, November 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 4,038.21 ($54.76).

The stock has a market capitalization of $9,010.00 and a P/E ratio of 2,875.76.

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About InterContinental Hotels Group

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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