InterContinental Hotels Group PLC (LON:IHG) Receives Average Rating of "Reduce" from Analysts

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) has earned an average rating of "Reduce" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two 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 1 year price objective among analysts that have covered the stock in the last year is GBX 6,139 ($82.50).

A number of research firms recently weighed in on IHG. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 7,900 ($106.17) price target on shares of InterContinental Hotels Group in a research report on Monday, July 21st. Citigroup reduced their target price on shares of InterContinental Hotels Group from GBX 8,900 ($119.61) to GBX 7,500 ($100.79) and set a "sell" rating on the stock in a research report on Tuesday, April 15th.

InterContinental Hotels Group Price Performance

Shares of LON IHG traded down GBX 88.68 ($1.19) during midday trading on Thursday, reaching GBX 8,543.32 ($114.81). 377,584 shares of the company were exchanged, compared to its average volume of 2,501,255. The stock's 50-day moving average price is GBX 8,541.43 and its 200-day moving average price is GBX 8,929.95. InterContinental Hotels Group has a one year low of GBX 7,032 ($94.50) and a one year high of £109.75 ($147.49). The stock has a market cap of £17.13 billion, a P/E ratio of 28.04, a PEG 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.

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.