InterContinental Hotels Group (IHG) Price Target Raised to GBX 5,800

InterContinental Hotels Group (LON:IHG) had its target price lifted by Credit Suisse Group from GBX 5,100 ($68.19) to GBX 5,800 ($77.55) in a research report released on Tuesday morning. They currently have an outperform rating on the stock.

Several other brokerages also recently issued reports on IHG. Barclays restated an equal weight rating and set a GBX 4,000 ($53.48) price objective on shares of InterContinental Hotels Group in a research report on Thursday, December 21st. Morgan Stanley upgraded InterContinental Hotels Group to an equal weight rating and lifted their price objective for the stock from GBX 3,700 ($49.47) to GBX 4,200 ($56.16) in a research report on Wednesday, November 29th. Liberum Capital restated a hold rating and set a GBX 4,600 ($61.51) price objective on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Kepler Capital Markets restated a reduce rating and set a GBX 3,750 ($50.14) price objective on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Finally, Deutsche Bank restated a hold rating on shares of InterContinental Hotels Group in a research report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 4,038.21 ($53.99).

InterContinental Hotels Group (IHG) opened at GBX 4,686.97 ($62.67) on Tuesday. InterContinental Hotels Group has a 12-month low of GBX 3,642 ($48.70) and a 12-month high of GBX 4,755 ($63.58). The stock has a market capitalization of $8,880.00 and a P/E ratio of 2,840.59.

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InterContinental Hotels Group Company Profile

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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