Analysts Set InterContinental Hotels Group PLC (LON:IHG) Price Target at GBX 7,512

InterContinental Hotels Group PLC (LON:IHG) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 9,350.

Several equities analysts have recently issued reports on IHG shares. Berenberg Bank reiterated a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, March 30th.

InterContinental Hotels Group Trading Down 0.6%

LON:IHG opened at GBX 133.51 on Monday. The business’s 50 day moving average is GBX 136.26 and its two-hundred day moving average is GBX 5,215.43. InterContinental Hotels Group has a 52 week low of GBX 72.52 and a 52 week high of GBX 150.90. The company has a market cap of £200.43 million, a PE ratio of 0.27, a P/E/G ratio of 1.69 and a beta of 1.07. The company has a quick ratio of 1.35, a current ratio of 0.97 and a debt-to-equity ratio of -181.87.

Insider Activity

In other news, insider Nicholas Cadbury bought 700 shares of the stock in a transaction on Wednesday, March 4th. The shares were purchased at an average price of £134.34 per share, for a total transaction of £94,038. 3.38% of the stock is owned by company insiders.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

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.