Brokerages Set InterContinental Hotels Group PLC (LON:IHG) Target Price at GBX 4,145

Shares of InterContinental Hotels Group PLC (LON:IHG) have been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 4,145 ($54.15).

IHG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 5,380 ($70.29) price objective on shares of InterContinental Hotels Group in a research note on Thursday, February 25th. JPMorgan Chase & Co. cut shares of InterContinental Hotels Group to an “underweight” rating and cut their price objective for the company from GBX 4,400 ($57.49) to GBX 4,000 ($52.26) in a research note on Thursday, March 4th.

In other news, insider Paul Edgecliffe-Johnson sold 900 shares of the stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of GBX 5,200 ($67.94), for a total transaction of £46,800 ($61,144.50).

Shares of LON:IHG opened at GBX 5,144 ($67.21) on Monday. The company’s fifty day moving average price is GBX 5,055.04 and its 200-day moving average price is GBX 4,661.02. The firm has a market capitalization of £9.42 billion and a price-to-earnings ratio of -36.25. InterContinental Hotels Group has a one year low of GBX 2,989 ($39.05) and a one year high of GBX 5,568 ($72.75).

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, restaurants, and spas under the InterContinental Hotels & Resorts, Regent, Six Senses, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Voco, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, and Candlewood Suites brand names.

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Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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