InterContinental Hotels Group PLC (LON:IHG) Receives GBX 5,471 Average PT from Analysts

InterContinental Hotels Group PLC (LON:IHG) has earned an average rating of “Reduce” from the six ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 5,471 ($69.72).

A number of brokerages have commented on IHG. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group to a “buy” rating in a research report on Wednesday, September 18th. Berenberg Bank reissued a “hold” rating and set a GBX 7,400 ($94.30) price target on shares of InterContinental Hotels Group in a report on Thursday, August 15th.

Insiders Place Their Bets

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($109.65), for a total value of £28,221.12 ($35,964.22). Insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Trading Down 0.3 %

LON:IHG opened at £101.45 ($129.29) on Wednesday. InterContinental Hotels Group has a 12-month low of GBX 6,370 ($81.18) and a 12-month high of £101.90 ($129.86). The stock’s 50 day simple moving average is GBX 8,938.24 and its 200-day simple moving average is GBX 8,260.54. The firm has a market cap of £16.08 billion, a P/E ratio of 3,438.98, a PEG ratio of 1.69 and a beta of 0.98.

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.