InterContinental Hotels Group PLC (LON:IHG – Get Rating) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 5,733.33 ($69.85).
A number of analysts have recently commented on IHG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 5,520 ($67.25) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, November 22nd. Barclays reissued an “overweight” rating and issued a GBX 5,400 ($65.79) price objective on shares of InterContinental Hotels Group in a research report on Thursday, November 17th.
InterContinental Hotels Group Stock Up 1.5 %
Shares of IHG stock opened at GBX 5,422 ($66.06) on Friday. The company’s fifty day simple moving average is GBX 4,843.38 and its 200-day simple moving average is GBX 4,727.03. The firm has a market cap of £9.52 billion and a PE ratio of 2,794.85. InterContinental Hotels Group has a 12 month low of GBX 4,174 ($50.85) and a 12 month high of GBX 5,448 ($66.37).
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 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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