InterContinental Hotels Group (LON:IHG)‘s stock had its “equal weight” rating restated by analysts at Barclays in a research report issued on Thursday, January 18th. They presently have a GBX 4,000 ($55.26) target price on the stock. Barclays’ target price points to a potential downside of 12.66% from the stock’s previous close.
IHG has been the subject of several other reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 3,450 ($47.67) price objective on shares of InterContinental Hotels Group in a research report on Monday, October 23rd. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 5,100 ($70.46) price objective on shares of InterContinental Hotels Group in a research report on Monday, November 20th. Kepler Capital Markets reaffirmed a “reduce” rating and set a GBX 3,750 ($51.81) price objective on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Liberum Capital reiterated a “hold” rating and set a GBX 4,600 ($63.55) target price on shares of InterContinental Hotels Group in a report on Friday, October 20th. Finally, Morgan Stanley upgraded InterContinental Hotels Group to an “equal weight” rating and upped their target price for the stock from GBX 3,700 ($51.12) to GBX 4,200 ($58.03) in a report on Wednesday, November 29th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 4,108.85 ($56.77).
InterContinental Hotels Group (LON:IHG) opened at GBX 4,580 ($63.28) on Thursday. The stock has a market capitalization of $8,690.00 and a PE ratio of 2,862.50. InterContinental Hotels Group has a 52 week low of GBX 3,656 ($50.51) and a 52 week high of GBX 4,944 ($68.31).
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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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