InterContinental Hotels Group’s (IHG) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of InterContinental Hotels Group (LON:IHG) in a research report sent to investors on Monday morning,London Stock Exchange reports.

A number of other equities analysts have also weighed in on IHG. Berenberg Bank restated a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, January 19th. JPMorgan Chase & Co. lifted their target price on InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, InterContinental Hotels Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 9,350.

InterContinental Hotels Group Trading Up 1.7%

Shares of LON IHG opened at GBX 132.65 on Monday. The firm’s 50 day moving average price is GBX 136.44 and its 200-day moving average price is GBX 5,361.39. InterContinental Hotels Group has a 52-week low of GBX 72.52 and a 52-week high of GBX 150.90. 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 market cap of £199.14 million, a PE ratio of 0.27, a P/E/G ratio of 1.69 and a beta of 1.07.

Insider Buying and Selling at InterContinental Hotels Group

In other news, insider Nicholas Cadbury purchased 700 shares of the 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. 3.38% of the stock is owned by insiders.

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.