InterContinental Hotels Group’s (IHG) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of InterContinental Hotels Group (LON:IHG) in a research note issued to investors on Monday morning, Marketbeat Ratings reports.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. upped their price objective on InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. UBS Group reissued a “buy” rating and set a GBX 9,450 price target on shares of InterContinental Hotels Group in a research report on Friday, October 17th. Finally, Citigroup raised their price objective on InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 7,499.

InterContinental Hotels Group Price Performance

InterContinental Hotels Group stock opened at GBX 134.30 on Monday. InterContinental Hotels Group has a 1 year low of GBX 72.52 and a 1 year high of GBX 141.40. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. The firm has a 50 day moving average price of GBX 7,718.21 and a 200 day moving average price of GBX 8,513.71. The company has a market cap of £202.10 million, a price-to-earnings ratio of 0.28, a PEG ratio of 1.69 and a beta of 0.98.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.