InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “equal weight” rating restated by analysts at Barclays PLC in a report issued on Thursday. They presently have a GBX 4,000 ($52.61) price target on the stock. Barclays PLC’s price target suggests a potential downside of 4.99% from the company’s current price.
A number of other equities analysts also recently commented on IHG. Beaufort Securities restated a “buy” rating and set a GBX 4,700 ($61.82) target price on shares of InterContinental Hotels Group PLC in a report on Wednesday, August 9th. Liberum Capital restated a “hold” rating and set a GBX 4,600 ($60.50) target price on shares of InterContinental Hotels Group PLC in a report on Tuesday, August 8th. Kepler Capital Markets restated a “reduce” rating and set a GBX 3,656 ($48.09) target price on shares of InterContinental Hotels Group PLC in a report on Tuesday, August 8th. Numis Securities Ltd restated a “hold” rating and set a GBX 4,200 ($55.24) target price on shares of InterContinental Hotels Group PLC in a report on Tuesday, August 8th. Finally, Berenberg Bank restated a “hold” rating on shares of InterContinental Hotels Group PLC in a report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. InterContinental Hotels Group PLC currently has a consensus rating of “Hold” and an average price target of GBX 3,952.50 ($51.99).
Shares of InterContinental Hotels Group PLC (LON:IHG) opened at GBX 4,210 ($55.37) on Thursday. InterContinental Hotels Group PLC has a 52 week low of GBX 3,048 ($40.09) and a 52 week high of GBX 4,492 ($59.08).
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InterContinental Hotels Group PLC Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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