InterContinental Hotels Group PLC (LON:IHG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 7,512.

Several equities analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 160 price objective on shares of InterContinental Hotels Group in a research note on Monday. Berenberg Bank reissued a “buy” rating on shares of InterContinental Hotels Group in a research note on Monday, January 19th. Finally, JPMorgan Chase & Co. boosted their price target on InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a report on Tuesday, December 2nd.

InterContinental Hotels Group Trading Down 1.9%

LON:IHG traded down GBX 2.48 during midday trading on Monday, reaching GBX 127.67. 303,607 shares of the stock traded hands, compared to its average volume of 2,316,623. The stock has a market capitalization of £191.67 million, a P/E ratio of 0.26, a PEG ratio of 1.69 and a beta of 1.07. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.35 and a current ratio of 0.97. The company has a fifty day moving average of GBX 136.76 and a 200 day moving average of GBX 5,522.39. InterContinental Hotels Group has a 12 month low of GBX 72.52 and a 12 month high of GBX 150.90.

Insider Buying and Selling at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Nicholas Cadbury bought 700 shares of InterContinental Hotels Group stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average cost of £134.34 per share, with a total value of £94,038. Corporate insiders own 3.38% of the company’s stock.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

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.