Barclays Reiterates “Equal weight” Rating for InterContinental Hotels Group (IHG)

InterContinental Hotels Group (LON:IHG)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays in a research note issued to investors on Thursday. They currently have a GBX 4,000 ($54.24) target price on the stock. Barclays’ price objective would suggest a potential downside of 15.15% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Credit Suisse Group increased their price target on shares of InterContinental Hotels Group from GBX 5,100 ($69.16) to GBX 5,800 ($78.65) and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. Morgan Stanley raised shares of InterContinental Hotels Group to an “equal weight” rating and increased their price target for the company from GBX 3,700 ($50.18) to GBX 4,200 ($56.96) in a research note on Wednesday, November 29th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 3,450 ($46.79) price target on shares of InterContinental Hotels Group in a research note on Monday, October 23rd. Liberum Capital reissued a “hold” rating and issued a GBX 4,600 ($62.38) price target on shares of InterContinental Hotels Group in a research note on Friday, October 20th. Finally, Kepler Capital Markets reissued a “reduce” rating and issued a GBX 3,750 ($50.85) price target on shares of InterContinental Hotels Group in a research note on Friday, October 20th. 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 stock. InterContinental Hotels Group currently has a consensus rating of “Hold” and a consensus target price of GBX 4,038.21 ($54.76).

Shares of InterContinental Hotels Group (LON:IHG) opened at GBX 4,714 ($63.93) on Thursday. InterContinental Hotels Group has a one year low of GBX 3,642 ($49.39) and a one year high of GBX 4,755 ($64.48). The stock has a market cap of $9,000.00 and a PE ratio of 2,856.97.

WARNING: “Barclays Reiterates “Equal weight” Rating for InterContinental Hotels Group (IHG)” was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2018/01/11/barclays-reiterates-equal-weight-rating-for-intercontinental-hotels-group-ihg.html.

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)

Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit