Brokerages Set InterContinental Hotels Group PLC (LON:IHG) PT at GBX 5,471

InterContinental Hotels Group PLC (LON:IHG) has been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 5,471 ($70.40).

Several research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of InterContinental Hotels Group to a “buy” rating in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 8,300 ($106.81) price target on shares of InterContinental Hotels Group in a research report on Thursday, August 1st. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,400 ($95.23) price objective on shares of InterContinental Hotels Group in a research report on Thursday, August 15th.

Insider Buying and Selling

In related news, insider Daniela Barone Soares sold 328 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($110.72), for a total value of £28,221.12 ($36,315.94). 5.99% of the stock is owned by insiders.

InterContinental Hotels Group Stock Up 1.3 %

Shares of LON IHG opened at GBX 9,374 ($120.63) on Friday. InterContinental Hotels Group has a 52-week low of GBX 5,866 ($75.49) and a 52-week high of GBX 9,390 ($120.83). The business has a 50-day moving average price of GBX 8,282.96 and a 200 day moving average price of GBX 8,037.40. The stock has a market cap of £14.86 billion, a PE ratio of 3,177.63, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Company Profile

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.