InterContinental Hotels Group PLC (LON:IHG) Given Consensus Rating of “Hold” by Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 7,025.

Several research firms recently weighed in on IHG. Jefferies Financial Group restated a “buy” rating on shares of InterContinental Hotels Group in a research note on Friday, June 26th. UBS Group reiterated a “neutral” rating and set a GBX 150 price objective on shares of InterContinental Hotels Group in a research note on Tuesday, May 5th.

InterContinental Hotels Group Price Performance

Shares of IHG opened at GBX 160.70 on Friday. InterContinental Hotels Group has a fifty-two week low of GBX 84.58 and a fifty-two week high of GBX 175.70. The firm’s 50-day simple moving average is GBX 162.76 and its two-hundred day simple moving average is GBX 147.54. The stock has a market cap of £237.60 million, a PE ratio of 0.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.34 and a current ratio of 0.97.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

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.