InterContinental Hotels Group PLC (LON:IHG) Receives GBX 7,025 Average Target Price from Brokerages

Shares of InterContinental Hotels Group PLC (LON:IHG) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 7,025.

A number of equities research analysts have recently weighed in on IHG shares. UBS Group reiterated a “neutral” rating and issued a GBX 150 price target on shares of InterContinental Hotels Group in a report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating on shares of InterContinental Hotels Group in a research note on Thursday, May 7th.

InterContinental Hotels Group Price Performance

InterContinental Hotels Group stock opened at GBX 169.25 on Friday. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.35 and a current ratio of 0.97. InterContinental Hotels Group has a 1 year low of GBX 80.94 and a 1 year high of GBX 172.20. The company has a market cap of £251.33 million, a price-to-earnings ratio of 0.35, a PEG ratio of 1.69 and a beta of 1.05. The firm has a 50 day moving average price of GBX 152.13 and a 200 day moving average price of GBX 1,843.42.

InterContinental Hotels Group Company Profile

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.