InterContinental Hotels Group (IHG) Price Target Increased to GBX 4,950 by Analysts at Liberum Capital
InterContinental Hotels Group (LON:IHG) had its target price raised by Liberum Capital from GBX 4,600 ($62.38) to GBX 4,950 ($67.13) in a research note published on Monday morning. The brokerage currently has a hold rating on the stock.
A number of other research firms also recently issued reports on IHG. Barclays restated an equal weight rating and set a GBX 4,000 ($54.24) target price on shares of InterContinental Hotels Group in a research report on Thursday, November 30th. Credit Suisse Group upgraded shares of InterContinental Hotels Group from a neutral rating to an outperform rating and upped their target price for the company from GBX 4,600 ($62.38) to GBX 5,100 ($69.16) in a research report on Wednesday, November 1st. Deutsche Bank restated a hold rating on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Morgan Stanley upgraded shares of InterContinental Hotels Group to an equal weight rating and upped their target price for the company from GBX 3,700 ($50.18) to GBX 4,200 ($56.96) in a research report on Wednesday, November 29th. Finally, Kepler Capital Markets restated a reduce rating and set a GBX 3,750 ($50.85) target price on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 4,108.85 ($55.72).
InterContinental Hotels Group (LON IHG) traded up GBX 24 ($0.33) during trading on Monday, reaching GBX 4,914 ($66.64). 423,741 shares of the company’s stock were exchanged, compared to its average volume of 548,544. InterContinental Hotels Group has a 52 week low of GBX 3,642 ($49.39) and a 52 week high of GBX 4,944 ($67.05). The firm has a market cap of $9,200.00 and a P/E ratio of 3,090.57.
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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