InterContinental Hotels Group (LON:IHG) Rating Reaffirmed
AlphaValue now has a GBX 2825 TP on shares of InterContinental Hotels Group (LON:IHG). The TP may mean a potential upside of 6.24% from the last stock close price of InterContinental Hotels Group (LON:IHG). This rating was revealed to clients and investors in analysts report on Thursday morning.
From a total of 22 analysts covering InterContinental Hotels Group PLC (LON:IHG) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 12 a ”Hold”. This means that 42% of the ratings are positive. The highest target price is GBX 50 while the lowest target price is GBX 32.52. The mean of all analyst targets is GBX 42.05 with a 3.25% above today’s (GBX 2637) stock price. InterContinental Hotels Group PLC was the topic of 41 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on November 26 with “Equal Weight” rating. AlphaValue downgraded shares to “Reduce” rating and GBX 2853 target share price in a report from a November 9. Oddo & Cie maintained IHG stock in a recent report from November 20 with “Buy” rating. Societe Generale maintained the rating on November 4. Societe Generale has a “Hold” rating and a GBX 2600 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a November 16.
Approximately 212,728 shares of stock traded hands. InterContinental Hotels Group PLC (LON:IHG) has declined 4.86% since May 6, 2015 and is downtrending. It has underperformed by 4.57% the S&P500.
InterContinental Hotels Group PLC is a hotel company. The company has a market cap of 6.27 billion GBP. The Firm franchises, leases, manages or owns over 4,800 hotels and approximately 710,000 guest rooms in nearly 100 countries. It has 18.46 P/E ratio. The Company’s portfolio of hotel brands include InterContinental Hotels & Resorts, HUALUXE Hotels and Resorts, Crowne Plaza Hotels & Resorts, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites and Kimpton Hotels & Restaurant.
According to Zacks Investment Research, “InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels.” Get a free copy of the Zacks research report on InterContinental Hotels Group PLC (IHG).