InterContinental Hotels Group PLC (LON:IHG) Receives GBX 6,159 Average Target Price from Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have received an average rating of “Reduce” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 6,159 ($84.08).

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of InterContinental Hotels Group to a “hold” rating and raised their price objective for the company from GBX 7,750 ($105.80) to GBX 8,000 ($109.22) in a research note on Monday, April 14th. Citigroup reduced their price target on InterContinental Hotels Group from GBX 8,900 ($121.50) to GBX 7,500 ($102.39) and set a “sell” rating on the stock in a research report on Tuesday, April 15th.

InterContinental Hotels Group Stock Up 1.0%

Shares of LON:IHG opened at GBX 8,669.69 ($118.36) on Friday. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The stock has a market cap of £17.38 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a 50 day moving average of GBX 8,500.46 and a 200-day moving average of GBX 9,005.59. InterContinental Hotels Group has a one year low of GBX 7,032 ($96.00) and a one year high of £109.75 ($149.83).

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.