Analysts Set InterContinental Hotels Group PLC (LON:IHG) PT at GBX 4,145

InterContinental Hotels Group PLC (LON:IHG) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 4,145 ($54.15).

Several analysts have commented on the stock. JPMorgan Chase & Co. cut shares of InterContinental Hotels Group to an “underweight” rating and dropped their target price for the company from GBX 4,400 ($57.49) to GBX 4,000 ($52.26) in a research report on Thursday, March 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 5,380 ($70.29) price objective on shares of InterContinental Hotels Group in a research report on Thursday, February 25th.

Shares of InterContinental Hotels Group stock opened at GBX 5,144 ($67.21) on Monday. The firm has a fifty day moving average of GBX 5,055.04 and a two-hundred day moving average of GBX 4,661.02. The stock has a market capitalization of £9.42 billion and a price-to-earnings ratio of -36.25. InterContinental Hotels Group has a 52 week low of GBX 2,989 ($39.05) and a 52 week high of GBX 5,568 ($72.75).

In related news, insider Paul Edgecliffe-Johnson sold 900 shares of the firm’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of GBX 5,200 ($67.94), for a total value of £46,800 ($61,144.50).

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, restaurants, and spas under the InterContinental Hotels & Resorts, Regent, Six Senses, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Voco, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, and Candlewood Suites brand names.

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Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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