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

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) has received a consensus recommendation of "Reduce" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment 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 target among analysts that have issued a report on the stock in the last year is GBX 6,159 ($83.47).

Several equities research analysts recently issued reports on IHG shares. Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group to a "hold" rating and lifted their price objective for the company from GBX 7,750 ($105.03) to GBX 8,000 ($108.42) in a research note on Monday, April 14th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 95 ($1.29) price target on shares of InterContinental Hotels Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reissued an "underweight" rating and set a GBX 7,800 ($105.71) price objective on shares of InterContinental Hotels Group in a report on Thursday, February 20th. Finally, Citigroup reduced their target price on InterContinental Hotels Group from GBX 8,900 ($120.61) to GBX 7,500 ($101.64) and set a "sell" rating on the stock in a research note on Tuesday, April 15th.

InterContinental Hotels Group Price Performance

LON:IHG traded down GBX 25.17 ($0.34) during trading hours on Wednesday, hitting GBX 8,458.83 ($114.63). The stock had a trading volume of 283,419 shares, compared to its average volume of 3,202,301. The firm has a market capitalization of £16.96 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a one year low of GBX 7,032 ($95.30) and a one year high of £109.75 ($148.73). The company has a 50 day simple moving average of GBX 8,233.27 and a two-hundred day simple moving average of GBX 9,206.83. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35.

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.