Brokerages Set InterContinental Hotels Group PLC (LON:IHG) Price Target at GBX 7,499

Shares of InterContinental Hotels Group PLC (LON:IHG) have received an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 7,499.

A number of equities analysts have recently commented on IHG shares. Citigroup lifted their target price on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the company a “sell” rating in a report on Friday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, January 19th.

InterContinental Hotels Group Trading Up 0.4%

IHG opened at GBX 146.70 on Friday. 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 52 week low of GBX 72.52 and a 52 week high of GBX 149.50. The business’s 50 day moving average is GBX 3,819 and its two-hundred day moving average is GBX 7,308.55. The firm has a market cap of £220.77 million, a price-to-earnings ratio of 0.31, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

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.