InterContinental Hotels Group (IHG) Given “Hold” Rating at Deutsche Bank
InterContinental Hotels Group (LON:IHG)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank in a research note issued on Wednesday. They presently have a GBX 4,500 ($62.17) price objective on the stock. Deutsche Bank’s price target indicates a potential downside of 2.17% from the company’s current price.
Other equities analysts have also issued reports about the stock. Barclays restated an “equal weight” rating and set a GBX 4,000 ($55.26) price target on shares of InterContinental Hotels Group in a research report on Thursday, January 11th. Morgan Stanley upgraded shares of InterContinental Hotels Group to an “equal weight” rating and boosted their price target for the stock from GBX 3,700 ($51.12) to GBX 4,200 ($58.03) in a research report on Wednesday, November 29th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 4,600 ($63.55) target price on shares of InterContinental Hotels Group in a research note on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. InterContinental Hotels Group currently has a consensus rating of “Hold” and an average price target of GBX 4,147.31 ($57.30).
InterContinental Hotels Group (LON IHG) opened at GBX 4,600 ($63.55) on Wednesday. The firm has a market cap of $8,740.00 and a PE ratio of 2,857.14. InterContinental Hotels Group has a 52-week low of GBX 3,656 ($50.51) and a 52-week high of GBX 4,944 ($68.31).
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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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