Press coverage about InterContinental Hotels Group (NYSE:IHG) has been trending positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. InterContinental Hotels Group earned a news sentiment score of 0.35 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.9220579858874 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of InterContinental Hotels Group (NYSE:IHG) opened at $64.08 on Tuesday. InterContinental Hotels Group has a 1 year low of $48.39 and a 1 year high of $69.23. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of -1.92.
Several equities analysts have recently weighed in on IHG shares. Morgan Stanley upgraded shares of InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 29th. Bank of America lifted their target price on shares of InterContinental Hotels Group from $60.50 to $62.38 and gave the stock a “buy” rating in a research note on Friday, October 20th. ValuEngine upgraded shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Friday. Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. Finally, Zacks Investment Research upgraded shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.13.
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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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