Brokerages Set InterContinental Hotels Group PLC (LON:IHG) PT at GBX 6,159

Shares of InterContinental Hotels Group PLC (LON:IHG - Get Free Report) have been given an average rating of "Reduce" by the six ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 6,159 ($83.32).

Several research analysts recently weighed in on the company. Citigroup lowered their price objective on InterContinental Hotels Group from GBX 8,900 ($120.40) to GBX 7,500 ($101.46) and set a "sell" rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group to a "hold" rating and upped their price target for the company from GBX 7,750 ($104.84) to GBX 8,000 ($108.23) in a research note on Monday, April 14th. Jefferies Financial Group reissued a "hold" rating and set a GBX 95 ($1.29) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a GBX 7,800 ($105.52) price objective on shares of InterContinental Hotels Group in a report on Thursday, February 20th.

InterContinental Hotels Group Trading Up 0.4%

Shares of InterContinental Hotels Group stock traded up GBX 38 ($0.51) during mid-day trading on Wednesday, hitting GBX 8,510 ($115.12). The stock had a trading volume of 226,541 shares, compared to its average volume of 3,174,730. The firm has a 50-day moving average of GBX 8,241.05 and a two-hundred day moving average of GBX 9,194.67. The firm has a market cap of £17.06 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. 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 has a 12-month low of GBX 7,032 ($95.13) and a 12-month high of £109.75 ($148.47).

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.