Analysts Set InterContinental Hotels Group PLC (LON:IHG) Target Price at GBX 5,471

InterContinental Hotels Group PLC (LON:IHG) has received a consensus rating of “Reduce” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two research 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 12 month target price among analysts that have issued a report on the stock in the last year is GBX 5,471 ($68.95).

Several equities research analysts have recently issued reports on IHG shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 8,300 ($104.60) price objective on shares of InterContinental Hotels Group in a research report on Thursday, August 1st. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 7,400 ($93.26) price objective on shares of InterContinental Hotels Group in a research report on Thursday, August 15th.

InterContinental Hotels Group Trading Up 0.1 %

Shares of IHG opened at GBX 9,500 ($119.72) on Friday. The business’s 50 day moving average is GBX 8,394.05 and its 200 day moving average is GBX 8,066.65. InterContinental Hotels Group has a 12-month low of GBX 5,924 ($74.66) and a 12-month high of GBX 9,592 ($120.88). The company has a market capitalization of £15.06 billion, a PE ratio of 3,220.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Insider Buying and Selling at InterContinental Hotels Group

In other InterContinental Hotels Group 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 ($108.43), for a total transaction of £28,221.12 ($35,565.37). 5.99% of the stock is owned by company insiders.

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.