InterContinental Hotels Group’s (IHG) Equal weight Rating Reaffirmed at Barclays

InterContinental Hotels Group (LON:IHG)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays in a research report issued on Thursday. They currently have a GBX 4,000 ($56.09) target price on the stock. Barclays’ price target indicates a potential downside of 13.48% from the stock’s previous close.

Several other research firms have also commented on IHG. Credit Suisse Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from GBX 4,600 ($64.50) to GBX 5,100 ($71.51) in a research note on Wednesday, November 1st. Deutsche Bank reiterated a “hold” rating on shares of InterContinental Hotels Group in a research note on Friday, October 20th. Morgan Stanley upgraded shares of InterContinental Hotels Group to an “equal weight” rating and boosted their price objective for the stock from GBX 3,700 ($51.88) to GBX 4,200 ($58.89) in a research note on Wednesday, November 29th. Liberum Capital reiterated a “hold” rating and set a GBX 4,600 ($64.50) price objective on shares of InterContinental Hotels Group in a research note on Friday, October 20th. Finally, Kepler Capital Markets reiterated a “reduce” rating and set a GBX 3,750 ($52.58) price objective on shares of InterContinental Hotels Group in a research note on Friday, October 20th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 4,108.85 ($57.61).

InterContinental Hotels Group (LON IHG) opened at GBX 4,623 ($64.82) on Thursday. The company has a market cap of $8,830.00 and a P/E ratio of 2,871.43. InterContinental Hotels Group has a 52 week low of GBX 3,656 ($51.26) and a 52 week high of GBX 4,944 ($69.32).

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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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