Intercontinental Hotels Group (LON:IHG) Rating Reiterated by UBS Group
UBS Group reaffirmed their sell rating on shares of Intercontinental Hotels Group (LON:IHG) in a research report released on Monday morning, Stock Target Advisor reports.
Several other research analysts have also issued reports on the company. Goldman Sachs Group decreased their target price on Intercontinental Hotels Group from GBX 5,300 ($69.72) to GBX 5,100 ($67.09) and set a neutral rating for the company in a research report on Wednesday, November 13th. Royal Bank of Canada reissued an underperform rating on shares of Intercontinental Hotels Group in a research report on Friday, February 7th. Berenberg Bank decreased their target price on Intercontinental Hotels Group from GBX 5,300 ($69.72) to GBX 5,200 ($68.40) and set a hold rating for the company in a research report on Friday, January 17th. Jefferies Financial Group decreased their target price on Intercontinental Hotels Group from GBX 6,200 ($81.56) to GBX 5,800 ($76.30) and set a buy rating for the company in a research report on Friday, December 13th. Finally, Barclays decreased their target price on Intercontinental Hotels Group from GBX 4,400 ($57.88) to GBX 4,200 ($55.25) and set an underweight rating for the company in a research report on Thursday, October 24th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 5,016 ($65.98).
LON IHG opened at GBX 5,055 ($66.50) on Monday. Intercontinental Hotels Group has a fifty-two week low of GBX 4,392.50 ($57.78) and a fifty-two week high of GBX 5,770 ($75.90). The stock has a 50 day simple moving average of GBX 4,926.74 and a two-hundred day simple moving average of GBX 4,950.19. The stock has a market cap of $9.32 billion and a P/E ratio of 21.90.
About Intercontinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
Further Reading: Dividend Reinvestment Plan (DRIP)
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