InterContinental Hotels Group PLC (LON:IHG) Given Consensus Rating of “Hold” by Brokerages

InterContinental Hotels Group PLC (LON:IHG) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 7,025.

Several brokerages have recently issued reports on IHG. UBS Group reiterated a “neutral” rating and issued a GBX 150 price target on shares of InterContinental Hotels Group in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note on Thursday, May 7th.

InterContinental Hotels Group Trading Down 0.1%

Shares of IHG opened at GBX 153.85 on Tuesday. InterContinental Hotels Group has a 52-week low of GBX 80.74 and a 52-week high of GBX 156.55. The business’s fifty day moving average is GBX 140.80 and its 200-day moving average is GBX 3,076.78. 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 firm has a market cap of £229.14 million, a price-to-earnings ratio of 0.32, a PEG ratio of 1.69 and a beta of 1.03.

Insiders Place Their Bets

In other news, insider Nicholas Cadbury acquired 700 shares of InterContinental Hotels Group stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of £134.34 per share, for a total transaction of £94,038. 2.73% of the stock is owned by corporate insiders.

About InterContinental Hotels Group

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.