InterContinental Hotels Group (LON:IHG) Earns Neutral Rating from UBS Group

Key Points

• UBS reiterated a "neutral" rating on InterContinental Hotels Group with a GBX 150 price target, implying about a 6.38% upside from the prior close.
• Analyst coverage is mixed — three Buys, two Holds and one Sell — leaving an average rating of "Hold" and an average price target of GBX 7,025.
• Insider Nicholas Cadbury bought 700 shares at £134.34, while the stock opened at GBX 141 (down ~1.6%) and has a one‑year range of GBX 80.74–150.90.

InterContinental Hotels Group (LON:IHG - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at UBS Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 150 price target on the stock. UBS Group's target price indicates a potential upside of 6.38% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Berenberg Bank reaffirmed a "buy" rating on shares of InterContinental Hotels Group in a research note on Monday, January 19th. Jefferies Financial Group reaffirmed a "buy" rating on shares of InterContinental Hotels Group in a research note on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of GBX 7,025.

InterContinental Hotels Group Trading Down 1.6%

IHG opened at GBX 141 on Tuesday. InterContinental Hotels Group has a 1-year low of GBX 80.74 and a 1-year high of GBX 150.90. The company has a current ratio of 0.97, a quick ratio of 1.35 and a debt-to-equity ratio of -181.87. The company has a market cap of £210.45 million, a P/E ratio of 0.29, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. The company has a fifty day moving average price of GBX 136.41 and a two-hundred day moving average price of GBX 4,032.17.

Insider Activity at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Nicholas Cadbury bought 700 shares of the firm's stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of £134.34 per share, with a total value of £94,038. 2.73% of the stock is currently owned by insiders.

About InterContinental Hotels Group

Our presence IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties. 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.

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