Intercontinental Hotels Group (LON:IHG) Price Target Increased to GBX 3,900 by Analysts at Societe Generale

Intercontinental Hotels Group (LON:IHG) had its price objective hoisted by Societe Generale from GBX 3,100 ($38.15) to GBX 3,900 ($47.99) in a report issued on Tuesday morning, Stock Target Advisor reports. Societe Generale currently has a hold rating on the stock.

Other analysts have also recently issued reports about the stock. Berenberg Bank lowered their price target on shares of Intercontinental Hotels Group from GBX 5,200 ($63.99) to GBX 4,000 ($49.22) and set a hold rating on the stock in a report on Monday, March 30th. Goldman Sachs Group decreased their price objective on shares of Intercontinental Hotels Group from GBX 4,080 ($50.21) to GBX 4,050 ($49.84) and set a neutral rating for the company in a research report on Friday, July 3rd. HSBC decreased their price objective on shares of Intercontinental Hotels Group from GBX 5,000 ($61.53) to GBX 4,400 ($54.15) and set a hold rating for the company in a research report on Tuesday, June 23rd. Peel Hunt reaffirmed a buy rating on shares of Intercontinental Hotels Group in a research report on Friday, July 3rd. Finally, Morgan Stanley increased their price objective on shares of Intercontinental Hotels Group from GBX 2,800 ($34.46) to GBX 3,700 ($45.53) and gave the company an underweight rating in a research report on Wednesday, April 15th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Intercontinental Hotels Group currently has a consensus rating of Hold and a consensus target price of GBX 3,893.85 ($47.92).

LON:IHG opened at GBX 3,774 ($46.44) on Tuesday. Intercontinental Hotels Group has a fifty-two week low of GBX 2,161 ($26.59) and a fifty-two week high of GBX 5,770 ($71.01). The stock has a market capitalization of $6.79 billion and a P/E ratio of 17.78. The company’s 50-day simple moving average is GBX 3,864.56 and its 200-day simple moving average is GBX 4,086.38.

In other Intercontinental Hotels Group news, insider Arthur de Haast purchased 1,000 shares of Intercontinental Hotels Group stock in a transaction on Friday, May 29th. The stock was bought at an average cost of GBX 4,000 ($49.22) per share, with a total value of £40,000 ($49,224.71).

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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