InterContinental Hotels Group (LON:IHG) had its target price hoisted by equities research analysts at HSBC from GBX 3,800 ($52.50) to GBX 4,600 ($63.55) in a report issued on Friday. The firm currently has a “hold” rating on the stock. HSBC’s price objective indicates a potential downside of 2.19% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 5,800 ($80.13) price objective on shares of InterContinental Hotels Group in a research note on Thursday. Liberum Capital increased their price objective on shares of InterContinental Hotels Group from GBX 4,600 ($63.55) to GBX 4,950 ($68.39) and gave the company a “hold” rating in a research note on Monday, January 22nd. Barclays reiterated an “equal weight” rating and issued a GBX 4,360 ($60.24) price objective on shares of InterContinental Hotels Group in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on shares of InterContinental Hotels Group from GBX 3,540 ($48.91) to GBX 3,680 ($50.84) and gave the company an “underweight” rating in a research note on Friday, January 12th. Finally, Deutsche Bank reiterated a “hold” rating on shares of InterContinental Hotels Group in a research note on Friday, October 20th. Four equities research 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’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 4,205.36 ($58.10).
Shares of InterContinental Hotels Group (LON IHG) opened at GBX 4,703 ($64.98) on Friday. The firm has a market cap of $8,870.00 and a PE ratio of 2,976.58. InterContinental Hotels Group has a fifty-two week low of GBX 3,656 ($50.51) and a fifty-two week high of GBX 4,944 ($68.31).
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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.
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