InterContinental Hotels Group PLC (LON:IHG) Receives Average Rating of “Reduce” from Analysts

InterContinental Hotels Group PLC (LON:IHG) has been given an average rating of “Reduce” by the six analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 5,471 ($69.32).

Several equities analysts have recently weighed in on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 7,400 ($93.77) price objective on shares of InterContinental Hotels Group in a research report on Thursday, August 15th. The Goldman Sachs Group raised shares of InterContinental Hotels Group to a “buy” rating in a report on Wednesday, September 18th.

InterContinental Hotels Group Trading Down 0.5 %

IHG opened at GBX 9,956 ($126.15) on Wednesday. The stock’s fifty day simple moving average is GBX 8,783.68 and its 200 day simple moving average is GBX 8,196.18. InterContinental Hotels Group has a 1-year low of GBX 6,300 ($79.83) and a 1-year high of £100.05 ($126.77). The stock has a market cap of £15.78 billion, a PE ratio of 3,374.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Insider Activity at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($109.02), for a total transaction of £28,221.12 ($35,759.15). 5.99% of the stock is currently owned by corporate insiders.

About InterContinental Hotels Group

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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.