Intercontinental Hotels Group (IHG) Receives GBX 4,483.33 Consensus Target Price from Analysts
Shares of Intercontinental Hotels Group (LON:IHG) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 4,480 ($58.54).
Several research analysts recently commented on IHG shares. Citigroup cut Intercontinental Hotels Group to a “sell” rating in a research note on Monday, September 3rd. Credit Suisse Group reissued an “outperform” rating on shares of Intercontinental Hotels Group in a research note on Thursday, August 23rd. Kepler Capital Markets reissued a “reduce” rating on shares of Intercontinental Hotels Group in a research note on Tuesday, August 7th. Numis Securities reissued a “hold” rating on shares of Intercontinental Hotels Group in a research note on Tuesday, August 7th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Intercontinental Hotels Group in a research report on Friday.
IHG traded up GBX 13 ($0.17) on Monday, hitting GBX 4,153 ($54.27). 433,029 shares of the company were exchanged, compared to its average volume of 648,968. Intercontinental Hotels Group has a twelve month low of GBX 3,656 ($47.77) and a twelve month high of GBX 4,944 ($64.60).
Intercontinental Hotels Group Company Profile
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, and Candlewood Suites brands.
Further Reading: Can systematic risk be avoided?
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