Intercontinental Hotels Group (LON:IHG) Rating Lowered to Underperform at Royal Bank of Canada

Royal Bank of Canada cut shares of Intercontinental Hotels Group (LON:IHG) from a sector perform rating to an underperform rating in a report issued on Thursday, Automated Import reports.

A number of other equities analysts have also recently commented on the company. Barclays cut to an underweight rating and set a GBX 4,400 ($57.49) price target for the company. in a report on Tuesday, June 18th. UBS Group restated a neutral rating on shares of CAIXABANK/ADR in a research report on Thursday. Goldman Sachs Group set a GBX 4,300 ($56.19) price objective on shares of ASOS and gave the stock a buy rating in a research report on Monday, April 15th. Main First Bank started coverage on shares of Intercontinental Hotels Group in a research report on Tuesday, April 16th. They set an outperform rating and a GBX 5,600 ($73.17) price objective for the company. Finally, Berenberg Bank restated a buy rating and set a GBX 150 ($1.96) price objective on shares of Tharisa in a research report on Wednesday, May 15th. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Intercontinental Hotels Group currently has a consensus rating of Hold and an average target price of GBX 5,006.25 ($65.42).

Intercontinental Hotels Group stock opened at GBX 5,514 ($72.05) on Thursday. Intercontinental Hotels Group has a 52 week low of GBX 4,052.63 ($52.95) and a 52 week high of GBX 5,487 ($71.70). The company has a market capitalization of $10.04 billion and a PE ratio of 28.66. The stock’s 50-day simple moving average is GBX 5,257.26.

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.

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Analyst Recommendations for Intercontinental Hotels Group (LON:IHG)

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