Intercontinental Hotels Group (IHG) Earns News Sentiment Score of 0.36
Media stories about Intercontinental Hotels Group (NYSE:IHG) have been trending positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intercontinental Hotels Group earned a daily sentiment score of 0.36 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.8365815829706 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Hotel Indigo arrives in Japan to bring local neighbourhood stories to life for travellers – The FINANCIAL (finchannel.com)
- IHG booking sites now viewable in Bahasa Indonesia and Thai (marketing-interactive.com)
- Intercontinental Hotels Group (IHG) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- New IHG Dubai hotel to be 100% solar-powered – Proud Green Building (press release) (blog) (proudgreenbuilding.com)
- Geelong to host IHG’s Holiday Inn – The Australian Financial Review (afr.com)
Several equities research analysts recently weighed in on IHG shares. Zacks Investment Research upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, October 23rd. Bank of America Corporation boosted their price target on shares of Intercontinental Hotels Group from $60.50 to $62.38 and gave the stock a “buy” rating in a research report on Friday, October 20th. BidaskClub cut shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Credit Suisse Group upgraded shares of Intercontinental Hotels Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.60.
Intercontinental Hotels Group (NYSE IHG) traded up $0.13 during mid-day trading on Wednesday, reaching $57.54. 55,657 shares of the company’s stock were exchanged, compared to its average volume of 133,193. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of -1.92. Intercontinental Hotels Group has a fifty-two week low of $42.46 and a fifty-two week high of $57.80.
Intercontinental Hotels Group 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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