InterContinental Hotels Group (LON:IHG) has earned an average rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 4,325.45 ($58.04).
Several brokerages have weighed in on IHG. Barclays reaffirmed an “equal weight” rating and issued a GBX 4,360 ($58.50) price objective on shares of InterContinental Hotels Group in a report on Thursday, February 15th. Credit Suisse Group dropped their price objective on InterContinental Hotels Group from GBX 5,800 ($77.82) to GBX 5,500 ($73.80) and set an “outperform” rating for the company in a report on Wednesday, February 21st. Liberum Capital reaffirmed a “hold” rating on shares of InterContinental Hotels Group in a report on Friday, May 4th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 4,500 ($60.38) price objective on shares of InterContinental Hotels Group in a report on Wednesday, February 14th. Finally, HSBC lifted their price objective on InterContinental Hotels Group from GBX 3,800 ($50.99) to GBX 4,600 ($61.72) and gave the company a “hold” rating in a report on Friday, February 16th.
LON:IHG traded up GBX 2 ($0.03) during midday trading on Monday, reaching GBX 4,848 ($65.05). 365,546 shares of the stock traded hands, compared to its average volume of 648,968. InterContinental Hotels Group has a 12-month low of GBX 3,656 ($49.05) and a 12-month high of GBX 4,944 ($66.34).
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, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, and Candlewood Suites brands.
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