InterContinental Hotels Group (LON:IHG)‘s stock had its “reduce” rating reissued by investment analysts at Kepler Capital Markets in a research report issued on Wednesday. They currently have a GBX 4,300 ($59.41) price target on the stock. Kepler Capital Markets’ target price points to a potential downside of 5.87% from the company’s previous close.
A number of other research firms have also recently weighed in on IHG. Liberum Capital lifted 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 report on Monday, January 22nd. Barclays reaffirmed an “equal weight” rating and issued a GBX 4,000 ($55.26) price objective on shares of InterContinental Hotels Group in a report on Thursday, January 18th. JPMorgan Chase & Co. lifted 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 report on Friday, January 12th. HSBC lifted their price objective on shares of InterContinental Hotels Group from GBX 3,800 ($52.50) to GBX 4,600 ($63.55) and gave the company a “hold” rating in a report on Friday, February 16th. Finally, Credit Suisse Group lifted their price objective on shares of InterContinental Hotels Group from GBX 5,100 ($70.46) to GBX 5,800 ($80.13) and gave the company an “outperform” rating in a report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 4,264.64 ($58.92).
InterContinental Hotels Group (LON:IHG) opened at GBX 4,568 ($63.11) on Wednesday. InterContinental Hotels Group has a 1 year low of GBX 3,656 ($50.51) and a 1 year high of GBX 4,944 ($68.31). The stock has a market cap of $8,530.00 and a price-to-earnings ratio of 2,872.96.
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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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