InterContinental Hotels Group PLC (IHG) Upgraded to Outperform at Credit Suisse Group
InterContinental Hotels Group PLC (LON:IHG) was upgraded by stock analysts at Credit Suisse Group to an “outperform” rating in a research report issued on Wednesday. The brokerage presently has a GBX 5,100 ($67.30) price target on the stock, up from their previous price target of GBX 4,600 ($60.70). Credit Suisse Group’s target price would indicate a potential upside of 22.24% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Kepler Capital Markets reiterated a “reduce” rating and issued a GBX 3,656 ($48.24) target price on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Bryan, Garnier & Co reiterated a “sell” rating and issued a GBX 3,520 ($46.45) target price on shares of InterContinental Hotels Group PLC in a research note on Thursday, August 24th. Berenberg Bank reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 23rd. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 4,200 ($55.42) target price on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co lifted their target price on shares of InterContinental Hotels Group PLC from GBX 3,415 ($45.06) to GBX 3,450 ($45.53) and gave the stock an “underweight” rating in a research note on Monday, July 31st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. InterContinental Hotels Group PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 3,952.50 ($52.16).
Shares of InterContinental Hotels Group PLC (LON:IHG) opened at 4256.00 on Wednesday. InterContinental Hotels Group PLC has a 12-month low of GBX 2,957.20 and a 12-month high of GBX 4,492.00. The company’s market cap is GBX 8.34 billion. The firm has a 50-day moving average of GBX 3,968.43 and a 200-day moving average of GBX 4,147.57.
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About InterContinental Hotels Group PLC
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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