InterContinental Hotels Group PLC (LON:IHG)’s share price traded down 0% on Friday . The company traded as low as GBX 4,703 ($64.98) and last traded at GBX 4,703 ($64.98). 579,727 shares changed hands during trading, a decline of 1% from the average session volume of 585,799 shares. The stock had previously closed at GBX 4,703 ($64.98).
A number of equities analysts have weighed in on the company. HSBC lifted their price objective on InterContinental Hotels Group from GBX 3,800 ($52.50) to GBX 4,600 ($63.55) and gave the company a “hold” rating in a research note on Friday. Credit Suisse Group restated an “outperform” rating and set a GBX 5,800 ($80.13) target price on shares of InterContinental Hotels Group in a research report on Thursday. Barclays restated an “equal weight” rating and set a GBX 4,360 ($60.24) target price on shares of InterContinental Hotels Group in a research report on Thursday. Deutsche Bank restated a “hold” rating and set a GBX 4,500 ($62.17) target price on shares of InterContinental Hotels Group in a research report on Wednesday. Finally, Liberum Capital raised their target price on 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 report on Monday, January 22nd. Four 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. InterContinental Hotels Group presently has an average rating of “Hold” and a consensus target price of GBX 4,205.36 ($58.10).
The company has a market capitalization of $8,870.00 and a PE ratio of 2,976.58.
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.
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