Barclays reaffirmed their equal weight rating on shares of InterContinental Hotels Group (LON:IHG) in a research report sent to investors on Thursday. The brokerage currently has a GBX 4,000 ($53.57) price objective on the stock.
Several other equities research analysts have also weighed in on IHG. Deutsche Bank upped their target price on shares of InterContinental Hotels Group from GBX 3,500 ($46.87) to GBX 4,000 ($53.57) and gave the stock a hold rating in a report on Wednesday, August 2nd. Numis Securities reaffirmed a hold rating and issued a GBX 4,200 ($56.25) target price on shares of InterContinental Hotels Group in a report on Tuesday, August 8th. Liberum Capital reaffirmed a hold rating and issued a GBX 4,600 ($61.60) target price on shares of InterContinental Hotels Group in a report on Tuesday, August 8th. Kepler Capital Markets reaffirmed a reduce rating and issued a GBX 3,656 ($48.96) target price on shares of InterContinental Hotels Group in a report on Tuesday, August 8th. Finally, Beaufort Securities reaffirmed a buy rating and issued a GBX 4,700 ($62.94) target price on shares of InterContinental Hotels Group in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 3,988.21 ($53.41).
Shares of InterContinental Hotels Group (LON IHG) opened at GBX 4,414 ($59.11) on Thursday. InterContinental Hotels Group has a fifty-two week low of GBX 3,198 ($42.83) and a fifty-two week high of GBX 4,492 ($60.16).
About InterContinental Hotels Group
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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