Deutsche Bank Aktiengesellschaft Issues Positive Forecast for InterContinental Hotels Group (LON:IHG) Stock Price

Key Points

• Deutsche Bank raised the price target for InterContinental Hotels Group (LON:IHG) from GBX 7,900 to GBX 8,050, maintaining a "hold" rating, indicating a potential downside of 10.65% from the current price.
• Other analysts have varied views; Citigroup set the target at GBX 7,900 with a "sell" rating, while JPMorgan raised it to GBX 8,500 with an "underweight" rating.
• The company's stock opened at GBX 9,010, with a market cap of £13.73 billion and a twelve-month price range of GBX 7,252 to £109.75.

InterContinental Hotels Group (LON:IHG - Get Free Report) had its price objective raised by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 7,900 to GBX 8,050 in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential downside of 7.57% from the company's current price.

A number of other equities analysts have also recently issued reports on IHG. Citigroup lifted their target price on shares of InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the stock a "sell" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of InterContinental Hotels Group from GBX 8,300 to GBX 8,500 and gave the stock an "underweight" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of GBX 6,136.25.

InterContinental Hotels Group Price Performance

Shares of IHG traded down GBX 70.95 during trading hours on Thursday, reaching GBX 8,709.05. The company had a trading volume of 381,336 shares, compared to its average volume of 2,613,812. The firm has a 50 day simple moving average of GBX 8,816.57 and a 200-day simple moving average of GBX 8,545.21. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. The company has a market capitalization of £13.27 billion, a price-to-earnings ratio of 1,844.75, a PEG ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a 12-month low of GBX 7,252 and a 12-month high of £109.75.

About InterContinental Hotels Group

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.