InterContinental Hotels Group PLC (LON:IHG) Receives GBX 5,471 Average PT from Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have earned an average rating of “Reduce” from the six research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 5,471 ($69.90).

Several analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,400 ($94.54) price objective on shares of InterContinental Hotels Group in a report on Thursday, August 15th. The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a report on Wednesday, September 18th.

InterContinental Hotels Group Price Performance

Shares of IHG opened at GBX 9,798 ($125.18) on Wednesday. The stock has a market capitalization of £15.53 billion, a price-to-earnings ratio of 3,307.80, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a 1 year low of GBX 6,856 ($87.59) and a 1 year high of £101.95 ($130.25). The business’s 50 day simple moving average is GBX 8,999.92 and its 200-day simple moving average is GBX 8,282.33.

Insider Activity

In other news, insider Daniela Barone Soares sold 328 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($109.93), for a total transaction of £28,221.12 ($36,056.11). Corporate insiders own 5.99% of the company’s stock.

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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.