InterContinental Hotels Group’s (IHG) Hold Rating Reiterated at Liberum Capital
Liberum Capital reiterated their hold rating on shares of InterContinental Hotels Group (LON:IHG) in a research report released on Tuesday morning. Liberum Capital currently has a GBX 4,950 ($68.39) target price on the stock.
Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of InterContinental Hotels Group from GBX 3,540 ($48.91) to GBX 3,680 ($50.84) and gave the stock an underweight rating in a research report on Friday, January 12th. Barclays reiterated an equal weight rating and set a GBX 4,000 ($55.26) price target on shares of InterContinental Hotels Group in a research report on Thursday, January 11th. Credit Suisse Group lifted their price target on shares of InterContinental Hotels Group from GBX 5,100 ($70.46) to GBX 5,800 ($80.13) and gave the stock an outperform rating in a research report on Tuesday, January 2nd. Finally, Morgan Stanley upgraded shares of InterContinental Hotels Group to an equal weight rating and lifted their price target for the stock from GBX 3,700 ($51.12) to GBX 4,200 ($58.03) in a research report on Wednesday, November 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 4,302.31 ($59.44).
Shares of InterContinental Hotels Group (LON IHG) opened at GBX 4,629 ($63.95) on Tuesday. InterContinental Hotels Group has a 1 year low of GBX 3,656 ($50.51) and a 1 year high of GBX 4,944 ($68.31). The firm has a market cap of $8,680.00 and a PE ratio of 2,104.09.
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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