InterContinental Hotels Group PLC (LON:IHG) Receives GBX 7,499 Average Price Target from Analysts

InterContinental Hotels Group PLC (LON:IHG) has been assigned an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 7,499.

A number of brokerages recently issued reports on IHG. Citigroup increased their target price on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Berenberg Bank reissued a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, January 19th. Finally, UBS Group restated a “buy” rating and set a GBX 9,450 price target on shares of InterContinental Hotels Group in a research report on Friday, October 17th.

InterContinental Hotels Group Stock Down 1.2%

Shares of LON IHG opened at GBX 133.55 on Tuesday. InterContinental Hotels Group has a 52-week low of GBX 72.52 and a 52-week high of GBX 141.40. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. The business has a fifty day moving average of GBX 6,750.29 and a two-hundred day moving average of GBX 8,210.43. The stock has a market cap of £200.97 million, a PE ratio of 0.28, a PEG ratio of 1.69 and a beta of 0.98.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.