InterContinental Hotels Group (LON:IHG) Rating Reiterated by Citigroup

InterContinental Hotels Group (LON:IHGGet Rating)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup in a research note issued on Wednesday, Marketbeat reports. They currently have a GBX 4,980 ($61.02) price target on the stock. Citigroup’s price objective points to a potential upside of 0.67% from the company’s current price.

IHG has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 5,700 ($69.84) price objective on shares of InterContinental Hotels Group in a research report on Monday, May 9th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of InterContinental Hotels Group in a research report on Tuesday, May 17th. Morgan Stanley reissued an “equal weight” rating on shares of InterContinental Hotels Group in a report on Wednesday, May 11th. Barclays lowered their target price on InterContinental Hotels Group from GBX 5,700 ($69.84) to GBX 5,400 ($66.17) and set an “overweight” rating on the stock in a report on Thursday, June 30th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 5,700 ($69.84) target price on shares of InterContinental Hotels Group in a report on Monday, June 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, InterContinental Hotels Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,563.33 ($68.17).

InterContinental Hotels Group Trading Up 1.1 %

Shares of IHG stock opened at GBX 4,947 ($60.62) on Wednesday. The company has a market capitalization of ¬£9.10 billion and a P/E ratio of 4,088.43. The business’s 50 day moving average is GBX 4,623.96 and its two-hundred day moving average is GBX 4,862.89. InterContinental Hotels Group has a 12-month low of GBX 4,174 ($51.15) and a 12-month high of GBX 5,386 ($66.00).

InterContinental Hotels Group Company Profile

(Get Rating)

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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.

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Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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