InterContinental Hotels Group PLC (IHG) Given Reduce Rating at Kepler Capital Markets
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “reduce” rating reaffirmed by equities research analysts at Kepler Capital Markets in a research report issued to clients and investors on Tuesday. They presently have a GBX 3,656 ($47.61) price target on the stock. Kepler Capital Markets’ target price indicates a potential downside of 17.12% from the stock’s current price.
Several other research firms have also recently commented on IHG. Credit Suisse Group cut shares of InterContinental Hotels Group PLC to a “neutral” rating and increased their price target for the company from GBX 4,500 ($58.60) to GBX 4,600 ($59.90) in a research note on Monday, June 19th. Deutsche Bank AG reissued a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Thursday, June 8th. Liberum Capital reissued a “hold” rating and set a GBX 4,600 ($59.90) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday. Numis Securities Ltd reissued a “hold” rating and set a GBX 4,200 ($54.69) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday. Finally, Morgan Stanley cut shares of InterContinental Hotels Group PLC from an “equal” rating to an “underweight” rating and increased their price target for the company from GBX 3,800 ($49.49) to GBX 4,300 ($56.00) in a research note on Thursday, June 15th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. InterContinental Hotels Group PLC presently has an average rating of “Hold” and a consensus target price of GBX 3,744.73 ($48.77).
Shares of InterContinental Hotels Group PLC (LON IHG) opened at 4200.00 on Tuesday. InterContinental Hotels Group PLC has a 52-week low of GBX 2,957.20 and a 52-week high of GBX 4,492.00. The firm’s market capitalization is GBX 7.91 billion. The firm has a 50-day moving average price of GBX 4,316.23 and a 200-day moving average price of GBX 4,168.48.
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In other InterContinental Hotels Group PLC news, insider Richard Solomons sold 31,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of GBX 4,413 ($57.47), for a total value of £1,368,030 ($1,781,521.03).
InterContinental Hotels Group PLC Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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