Research analysts at Main First Bank initiated coverage on shares of Intercontinental Hotels Group (LON:IHG) in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage set an “outperform” rating and a GBX 5,600 ($73.17) price target on the stock. Main First Bank’s target price would suggest a potential upside of 14.11% from the stock’s previous close.
IHG has been the subject of a number of other research reports. Goldman Sachs Group decreased their target price on Intercontinental Hotels Group from GBX 5,368.42 ($70.15) to GBX 5,100 ($66.64) and set a “neutral” rating for the company in a research report on Monday. Societe Generale boosted their target price on Intercontinental Hotels Group from GBX 4,500 ($58.80) to GBX 4,800 ($62.72) and gave the stock a “hold” rating in a research report on Wednesday, February 20th. Bryan, Garnier & Co reissued a “sell” rating on shares of Intercontinental Hotels Group in a research report on Tuesday, February 19th. UBS Group raised Intercontinental Hotels Group to a “neutral” rating and boosted their target price for the stock from GBX 4,275 ($55.86) to GBX 4,500 ($58.80) in a research report on Wednesday, February 20th. Finally, Barclays restated an “equal weight” rating on shares of Intercontinental Hotels Group in a research note on Thursday, February 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 4,885 ($63.83).
Shares of LON:IHG opened at GBX 4,907.45 ($64.12) on Tuesday. Intercontinental Hotels Group has a fifty-two week low of GBX 3,850 ($50.31) and a fifty-two week high of GBX 5,050 ($65.99). The stock has a market capitalization of $8.86 billion and a price-to-earnings ratio of 25.51.
About Intercontinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
Further Reading: Understanding each part of a balance sheet
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.