InterContinental Hotels Group (LON:IHG) Earns Underweight Rating from JPMorgan Chase & Co.

InterContinental Hotels Group (LON:IHG)‘s stock had its “underweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 7,800 ($98.15) price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 21.77% from the company’s current price.

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 95 ($1.20) price target on shares of InterContinental Hotels Group in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, InterContinental Hotels Group presently has a consensus rating of “Hold” and a consensus target price of GBX 5,898.75 ($74.23).

InterContinental Hotels Group Trading Down 1.3 %

Shares of LON:IHG traded down GBX 129.13 ($1.62) during trading on Thursday, reaching GBX 9,970.87 ($125.47). The company’s stock had a trading volume of 864,058 shares, compared to its average volume of 2,771,088. InterContinental Hotels Group has a 12 month low of GBX 7,032 ($88.49) and a 12 month high of £109.75 ($138.10). The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. The firm’s 50 day simple moving average is £100.61 and its two-hundred day simple moving average is GBX 8,956.50. The stock has a market capitalization of £19.99 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Company Profile

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.