InterContinental Hotels Group (IHG) Shares Up 0%

InterContinental Hotels Group PLC (LON:IHG) shot up 0% during trading on Thursday . The company traded as high as GBX 4,751 ($64.43) and last traded at GBX 4,745 ($64.35). 485,767 shares were traded during trading, a decline of 17% from the average session volume of 583,449 shares. The stock had previously closed at GBX 4,745 ($64.35).

A number of brokerages recently commented on IHG. JPMorgan Chase & Co. raised their price objective on shares of InterContinental Hotels Group from GBX 3,540 ($48.01) to GBX 3,680 ($49.91) and gave the stock an “underweight” rating in a report on Friday. Barclays restated an “equal weight” rating and set a GBX 4,000 ($54.24) price objective on shares of InterContinental Hotels Group in a report on Thursday. Credit Suisse Group raised their price objective on shares of InterContinental Hotels Group from GBX 5,100 ($69.16) to GBX 5,800 ($78.65) and gave the stock an “outperform” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley upgraded shares of InterContinental Hotels Group to an “equal weight” rating and raised their price objective for the stock from GBX 3,700 ($50.18) to GBX 4,200 ($56.96) in a report on Wednesday, November 29th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 4,054.64 ($54.99).

The firm has a market cap of $9,060.00 and a P/E ratio of 2,896.97.

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InterContinental Hotels Group 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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