InterContinental Hotels Group’s (IHG) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.

InterContinental Hotels Group (LON:IHG)‘s stock had its “underweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 7,800 ($98.55) price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 21.21% from the stock’s previous close.

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 95 ($1.20) price objective on shares of InterContinental Hotels Group in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 5,898.75 ($74.53).

InterContinental Hotels Group Trading Down 0.2 %

LON IHG opened at GBX 9,900 ($125.08) on Thursday. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. InterContinental Hotels Group has a 1-year low of GBX 7,032 ($88.84) and a 1-year high of £109.75 ($138.66). The firm’s fifty day simple moving average is £100.60 and its 200-day simple moving average is GBX 8,982.80. The company has a market capitalization of £19.84 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.