UBS Group restated their sell rating on shares of Intercontinental Hotels Group (LON:IHG) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 4,800 ($62.72) price target on the stock, up from their previous price target of GBX 4,700 ($61.41).
IHG has been the subject of a number of other research reports. Main First Bank began coverage on shares of Intercontinental Hotels Group in a research note on Tuesday, April 16th. They set an outperform rating and a GBX 5,600 ($73.17) target price for the company. Barclays restated an underweight rating on shares of Intercontinental Hotels Group in a research note on Thursday, August 8th. Royal Bank of Canada cut shares of Intercontinental Hotels Group from a sector perform rating to an underperform rating in a research note on Thursday, July 18th. Numis Securities reiterated a hold rating on shares of Intercontinental Hotels Group in a research note on Friday, June 14th. Finally, Goldman Sachs Group dropped their price objective on shares of Intercontinental Hotels Group from GBX 5,368.42 ($70.15) to GBX 5,100 ($66.64) and set a neutral rating for the company in a research note on Monday, April 15th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 4,928.57 ($64.40).
LON IHG opened at GBX 5,121 ($66.91) on Tuesday. The firm has a 50-day moving average of GBX 5,405.70 and a 200-day moving average of GBX 4,968.40. The stock has a market cap of $9.32 billion and a PE ratio of 22.19. Intercontinental Hotels Group has a 52-week low of GBX 4,052.63 ($52.95) and a 52-week high of GBX 5,770 ($75.40).
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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