InterContinental Hotels Group (LON:IHG) Earns “Buy” Rating from Jefferies Financial Group

InterContinental Hotels Group (LON:IHG – Get Rating)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a research report issued on Tuesday, May 23rd, Marketbeat Ratings reports.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of InterContinental Hotels Group from GBX 6,000 ($74.59) to GBX 6,200 ($77.08) and gave the stock a “neutral” rating in a research note on Tuesday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,850 ($72.73) target price on shares of InterContinental Hotels Group in a report on Tuesday, May 9th. Barclays cut InterContinental Hotels Group to an “equal weight” rating in a report on Monday, March 6th. Peel Hunt reissued a “hold” rating and set a GBX 5,750 ($71.48) price target on shares of InterContinental Hotels Group in a report on Tuesday, February 21st. Finally, Numis Securities reissued an “add” rating and set a GBX 5,550 ($69.00) price target on shares of InterContinental Hotels Group in a report on Wednesday, February 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 5,836.67 ($72.56).

InterContinental Hotels Group Stock Performance

Shares of LON IHG traded down GBX 44 ($0.55) during trading on Tuesday, hitting GBX 5,396 ($67.08). The company had a trading volume of 163,530 shares, compared to its average volume of 534,845. InterContinental Hotels Group has a 12 month low of GBX 4,174 ($51.89) and a 12 month high of GBX 5,796 ($72.05). The firm has a market capitalization of £9.24 billion, a P/E ratio of 3,233.53, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95. The stock has a 50 day simple moving average of GBX 5,403.92 and a 200 day simple moving average of GBX 5,302.71.

Insider Transactions at InterContinental Hotels Group

In other news, insider Daniela Barone Soares bought 150 shares of InterContinental Hotels Group stock in a transaction dated Friday, May 5th. The shares were purchased at an average cost of GBX 5,428 ($67.48) per share, with a total value of £8,142 ($10,121.83). In other InterContinental Hotels Group news, insider Daniela Barone Soares purchased 150 shares of InterContinental Hotels Group stock in a transaction that occurred on Friday, May 5th. The shares were bought at an average price of GBX 5,428 ($67.48) per share, for a total transaction of £8,142 ($10,121.83). Also, insider Graham Allan purchased 300 shares of InterContinental Hotels Group stock in a transaction that occurred on Wednesday, May 10th. The stock was acquired at an average price of GBX 5,370 ($66.76) per share, for a total transaction of £16,110 ($20,027.35). Insiders own 4.82% of the company’s stock.

About InterContinental Hotels Group

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InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.