InterContinental Hotels Group's (IHG) Buy Rating Reaffirmed at UBS Group

Key Points

• UBS Group has reaffirmed a "buy" rating for InterContinental Hotels Group (IHG), setting a price target of GBX 9,450, indicating a potential upside of 6.97% from its previous close.
• In addition to UBS, various research firms have issued ratings for IHG, with Citigroup giving a "sell" rating while JPMorgan Chase rated it "overweight" and set a target price of £104.
• The stock is currently trading at GBX 8,834, with a 12-month low of GBX 7,252 and a high of £109.75, reflecting its volatility in the market.

InterContinental Hotels Group (LON:IHG - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at UBS Group in a research report issued to clients and investors on Friday,Digital Look reports. They currently have a GBX 9,450 price target on the stock. UBS Group's price target would suggest a potential upside of 6.97% from the company's previous close.

A number of other research firms have also issued reports on IHG. Citigroup increased their price target on InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the company a "sell" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised InterContinental Hotels Group to an "overweight" rating and increased their price target for the company from GBX 8,500 to £104 in a research report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the company a "hold" rating in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of GBX 7,179.

InterContinental Hotels Group Stock Performance

Shares of InterContinental Hotels Group stock opened at GBX 8,834 on Friday. The business has a 50-day moving average of GBX 8,935.69 and a 200 day moving average of GBX 8,576.64. InterContinental Hotels Group has a 12 month low of GBX 7,252 and a 12 month high of £109.75. The stock has a market capitalization of £13.38 billion, a price-to-earnings ratio of 1,871.21, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35.

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.

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