InterContinental Hotels Group (LON:IHG) Receives “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of InterContinental Hotels Group (LON:IHG) in a research note released on Thursday morning,Digital Look reports.

IHG has been the subject of several other reports. Berenberg Bank reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. UBS Group reaffirmed a “neutral” rating and issued a GBX 150 target price on shares of InterContinental Hotels Group in a research report on Tuesday. Three equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 7,025.

InterContinental Hotels Group Trading Up 0.9%

LON:IHG opened at GBX 149.40 on Thursday. The company has a 50-day moving average price of GBX 136.68 and a 200-day moving average price of GBX 3,846.73. InterContinental Hotels Group has a 12 month low of GBX 80.74 and a 12 month high of GBX 152. The company has a current ratio of 0.97, a quick ratio of 1.35 and a debt-to-equity ratio of -181.87. The stock has a market cap of £222.52 million, a price-to-earnings ratio of 0.31, a P/E/G ratio of 1.69 and a beta of 1.02.

Insider Activity at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Nicholas Cadbury purchased 700 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average cost of £134.34 per share, with a total value of £94,038. Corporate insiders own 2.73% of the company’s stock.

About InterContinental Hotels Group

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.