InterContinental Hotels Group (IHG) Rating Increased to Buy at Goldman Sachs Group
Goldman Sachs Group upgraded shares of InterContinental Hotels Group (NYSE:IHG) from a neutral rating to a buy rating in a report issued on Friday, Marketbeat.com reports.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of InterContinental Hotels Group from a hold rating to a buy rating and set a $71.00 price target on the stock in a report on Thursday, December 28th. Bank of America lifted their price objective on shares of InterContinental Hotels Group from $60.50 to $62.38 and gave the company a buy rating in a research note on Friday, October 20th. Morgan Stanley raised shares of InterContinental Hotels Group from an underweight rating to an equal weight rating in a research note on Wednesday, November 29th. Finally, Credit Suisse Group raised shares of InterContinental Hotels Group from a neutral rating to an outperform rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $59.13.
InterContinental Hotels Group (NYSE IHG) traded up $0.19 during trading on Friday, hitting $68.75. 487,100 shares of the stock traded hands, compared to its average volume of 648,786. The company has a debt-to-equity ratio of -1.92, a quick ratio of 0.72 and a current ratio of 0.73. InterContinental Hotels Group has a fifty-two week low of $48.08 and a fifty-two week high of $68.80.
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About InterContinental Hotels Group
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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