Barclays Reaffirms Equal Weight Rating for InterContinental Hotels Group (IHG)

InterContinental Hotels Group (LON:IHG)‘s stock had its “equal weight” rating reissued by equities research analysts at Barclays in a research report issued to clients and investors on Thursday. They presently have a GBX 4,000 ($53.84) price target on the stock. Barclays’ price objective suggests a potential downside of 14.95% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Bryan, Garnier & Co restated a “sell” rating and issued a GBX 3,520 ($47.38) target price on shares of InterContinental Hotels Group in a report on Thursday, August 24th. Berenberg Bank restated a “hold” rating on shares of InterContinental Hotels Group in a report on Wednesday, August 23rd. Liberum Capital restated a “hold” rating and issued a GBX 4,600 ($61.91) target price on shares of InterContinental Hotels Group in a report on Friday, October 20th. Deutsche Bank restated a “hold” rating on shares of InterContinental Hotels Group in a report on Friday, October 20th. Finally, Morgan Stanley lowered their target price on shares of InterContinental Hotels Group from GBX 4,000 ($53.84) to GBX 3,700 ($49.80) and set an “underweight” rating on the stock in a report on Tuesday, September 5th. Four 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 3,988.21 ($53.68).

InterContinental Hotels Group (IHG) traded up GBX 97 ($1.31) on Thursday, hitting GBX 4,703 ($63.30). 628,694 shares of the company were exchanged, compared to its average volume of 547,261. InterContinental Hotels Group has a 12 month low of GBX 3,500 ($47.11) and a 12 month high of GBX 4,662 ($62.75).

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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.

Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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