Analysts Set InterContinental Hotels Group PLC (LON:IHG) Target Price at GBX 5,473.75

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given a consensus rating of “Reduce” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 5,898.75 ($74.74).

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 7,800 ($98.83) price target on shares of InterContinental Hotels Group in a research note on Thursday. Jefferies Financial Group restated a “hold” rating and set a GBX 95 ($1.20) price target on shares of InterContinental Hotels Group in a research note on Tuesday.

InterContinental Hotels Group Stock Down 1.3 %

IHG stock opened at GBX 9,970.87 ($126.34) on Tuesday. InterContinental Hotels Group has a fifty-two week low of GBX 7,032 ($89.10) and a fifty-two week high of £109.75 ($139.06). The company’s 50 day moving average price is £100.61 and its 200 day moving average price is GBX 8,970.14. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. The firm has a market capitalization of £19.99 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.