InterContinental Hotels Group (LON:IHG) Given New GBX 8,050 Price Target at Deutsche Bank Aktiengesellschaft

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 hoisted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 7,900 to GBX 8,050 in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential downside of 10.65% from the company's current price.

Several other equities research analysts have also recently weighed in on IHG. Citigroup upped their price target on InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the stock a "sell" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. upped their price target on 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 investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of GBX 6,136.25.

InterContinental Hotels Group Price Performance

Shares of IHG stock opened at GBX 9,010 on Thursday. The stock has a market cap of £13.73 billion, a price-to-earnings ratio of 1,908.49, a PEG ratio of 1.69 and a beta of 0.98. The business's fifty day moving average is GBX 8,802.76 and its 200 day moving average is GBX 8,581.09. InterContinental Hotels Group has a twelve month low of GBX 7,252 and a twelve month high of £109.75. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30.

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.

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