Brokerages Set InterContinental Hotels Group PLC (LON:IHG) PT at GBX 5,471

Shares of InterContinental Hotels Group PLC (LON:IHG) have received a consensus recommendation of “Reduce” from the six analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 5,471 ($70.40).

A number of research firms have recently weighed in on IHG. The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th. Berenberg Bank restated a “hold” rating and set a GBX 7,400 ($95.23) target price on shares of InterContinental Hotels Group in a report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 8,300 ($106.81) target price on shares of InterContinental Hotels Group in a research report on Thursday, August 1st.

InterContinental Hotels Group Stock Performance

The business’s fifty day simple moving average is GBX 8,316.72 and its 200 day simple moving average is GBX 8,046.79. InterContinental Hotels Group has a 12 month low of GBX 5,866 ($75.49) and a 12 month high of GBX 9,436 ($121.43). The company has a market capitalization of £14.83 billion, a P/E ratio of 3,169.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Insiders Place Their Bets

In related news, insider Daniela Barone Soares sold 328 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($110.72), for a total transaction of £28,221.12 ($36,315.94). Corporate insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Company Profile

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, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.