InterContinental Hotels Group PLC (LON:IHG) Receives GBX 5,471 Average PT from Brokerages

Shares of InterContinental Hotels Group PLC (LON:IHG) have been assigned a consensus recommendation of “Reduce” from the six brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 5,471 ($68.95).

IHG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 8,300 ($104.60) target price on shares of InterContinental Hotels Group in a research note on Thursday, August 1st. The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a research report on Wednesday, September 18th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 7,400 ($93.26) target price on shares of InterContinental Hotels Group in a research report on Thursday, August 15th.

Insiders Place Their Bets

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($108.43), for a total value of £28,221.12 ($35,565.37). 5.99% of the stock is currently owned by company insiders.

InterContinental Hotels Group Trading Up 0.1 %

IHG stock opened at GBX 9,500 ($119.72) on Friday. InterContinental Hotels Group has a 12 month low of GBX 5,924 ($74.66) and a 12 month high of GBX 9,592 ($120.88). The stock has a market cap of £15.06 billion, a PE ratio of 3,220.34, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a 50-day moving average price of GBX 8,394.05 and a 200 day moving average price of GBX 8,066.65.

InterContinental Hotels Group Company Profile

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, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.