InterContinental Hotels Group (LON:IHG) Receives Buy Rating from Jefferies Financial Group

InterContinental Hotels Group (LON:IHG – Get Rating)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, May 23rd, MarketBeat Ratings reports.

Other research analysts have also issued research reports about the company. Redburn Partners lowered InterContinental Hotels Group to a “sell” rating in a research report on Tuesday, March 21st. Barclays lowered InterContinental Hotels Group to an “equal weight” rating in a research report on Monday, March 6th. Peel Hunt restated a “hold” rating and set a GBX 5,750 ($71.06) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, February 21st. Numis Securities restated an “add” rating and set a GBX 5,550 ($68.59) price objective on shares of InterContinental Hotels Group in a research report on Wednesday, February 15th. Finally, JPMorgan Chase & Co. boosted their price objective on InterContinental Hotels Group from GBX 6,000 ($74.15) to GBX 6,200 ($76.62) and gave the company a “neutral” rating in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 5,836.67 ($72.13).

InterContinental Hotels Group Stock Up 1.3 %

Shares of IHG traded up GBX 70 ($0.87) during mid-day trading on Tuesday, hitting GBX 5,338 ($65.97). The stock had a trading volume of 378,308 shares, compared to its average volume of 544,904. The company has a market cap of £9.17 billion, a PE ratio of 3,177.38, a PEG ratio of 1.02 and a beta of 0.95. The company’s fifty day simple moving average is GBX 5,382.28 and its two-hundred day simple moving average is GBX 5,279.53. InterContinental Hotels Group has a fifty-two week low of GBX 4,174 ($51.58) and a fifty-two week high of GBX 5,796 ($71.63).

Insider Transactions at InterContinental Hotels Group

In other news, insider Graham Allan acquired 300 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were bought at an average price of GBX 5,370 ($66.36) per share, with a total value of £16,110 ($19,908.55). In related news, insider Daniela Barone Soares bought 150 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were bought at an average cost of GBX 5,428 ($67.08) per share, with a total value of £8,142 ($10,061.79). Also, insider Graham Allan bought 300 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were bought at an average cost of GBX 5,370 ($66.36) per share, for a total transaction of £16,110 ($19,908.55). Company insiders own 4.82% of the company’s stock.

About InterContinental Hotels Group

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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.