InterContinental Hotels Group (LON:IHG) Given “Underweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of InterContinental Hotels Group (LON:IHG) in a report released on Thursday, MarketBeat.com reports. They currently have a GBX 7,800 ($98.83) price target on the stock.

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 95 ($1.20) price objective on shares of InterContinental Hotels Group in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 5,898.75 ($74.74).

InterContinental Hotels Group Trading Up 0.0 %

Shares of LON IHG opened at GBX 9,922 ($125.72) on Thursday. The business’s 50 day moving average is £100.61 and its two-hundred day moving average is GBX 8,970.14. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. InterContinental Hotels Group has a 1-year low of GBX 7,032 ($89.10) and a 1-year high of £109.75 ($139.06). The stock has a market capitalization of £19.89 billion, a P/E ratio of 32.56, 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.