InterContinental Hotels Group PLC (IHG) Receives “Hold” Rating from Numis Securities Ltd
Numis Securities Ltd reiterated their hold rating on shares of InterContinental Hotels Group PLC (LON:IHG) in a research report released on Tuesday, Marketbeat Ratings reports. They currently have a GBX 4,200 ($54.69) price target on the stock.
Several other research analysts have also commented on IHG. Deutsche Bank AG lifted their target price on InterContinental Hotels Group PLC from GBX 3,500 ($45.58) to GBX 4,000 ($52.09) and gave the stock a hold rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co lifted their target price on InterContinental Hotels Group PLC from GBX 3,415 ($44.47) to GBX 3,450 ($44.93) and gave the stock an underweight rating in a research report on Monday, July 31st. Barclays PLC reiterated an equal weight rating and issued a GBX 4,000 ($52.09) target price on shares of InterContinental Hotels Group PLC in a research report on Thursday, July 27th. Finally, Beaufort Securities reiterated a buy rating on shares of InterContinental Hotels Group PLC in a research report on Monday, May 15th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. InterContinental Hotels Group PLC has an average rating of Hold and an average price target of GBX 3,804.44 ($49.54).
Shares of InterContinental Hotels Group PLC (IHG) traded down 1.68% during midday trading on Tuesday, reaching GBX 4164.00. The company’s stock had a trading volume of 810,799 shares. The company’s 50-day moving average price is GBX 4,314.04 and its 200 day moving average price is GBX 4,170.63. The firm’s market capitalization is GBX 7.84 billion. InterContinental Hotels Group PLC has a 1-year low of GBX 3,088.63 and a 1-year high of GBX 4,492.00.
In related news, insider Richard Solomons sold 31,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of GBX 4,413 ($57.47), for a total transaction of £1,368,030 ($1,781,521.03).
About InterContinental Hotels Group PLC
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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