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

Shares of InterContinental Hotels Group PLC (LON:IHG - Get Free Report) have been given a consensus rating of "Reduce" by the six brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 6,159 ($84.58).

Several equities analysts have recently commented on IHG shares. Deutsche Bank Aktiengesellschaft raised shares of InterContinental Hotels Group to a "hold" rating and increased their price target for the stock from GBX 7,750 ($106.43) to GBX 8,000 ($109.86) in a research report on Monday, April 14th. Citigroup reduced their target price on InterContinental Hotels Group from GBX 8,900 ($122.22) to GBX 7,500 ($102.99) and set a "sell" rating on the stock in a report on Tuesday, April 15th.

InterContinental Hotels Group Stock Down 0.9%

LON IHG traded down GBX 74 ($1.02) during trading hours on Friday, reaching GBX 8,304 ($114.03). 251,264 shares of the company traded hands, compared to its average volume of 2,825,994. The stock has a market capitalization of £16.65 billion, a PE ratio of 27.25, a PEG ratio of 1.69 and a beta of 0.98. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. InterContinental Hotels Group has a 12 month low of GBX 7,032 ($96.57) and a 12 month high of £109.75 ($150.71). The company has a 50 day moving average of GBX 8,437.84 and a two-hundred day moving average of GBX 9,034.15.

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.