InterContinental Hotels Group PLC (LON:IHG) Rating Reaffirmed
In a note sent to investors and clients this morning, Oddo has reaffirmed their “Buy” rating on InterContinental Hotels Group PLC (LON:IHG) shares. The PT may mean a possible upside of 16.59% from company’s stock close price.
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 32.64. The mean of all analyst targets is GBX 42.25 with a 7.91% above today’s (GBX 2528) stock price. InterContinental Hotels Group PLC was the topic of 43 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Berenberg downgraded shares on December 8 to “Hold” rating. Societe Generale maintained shares with “Hold” rating and GBX 2600 target share price in a report from a November 4. Barclays Capital maintained IHG stock in a recent report from November 26 with “Equal Weight” rating. Nomura maintained the rating on November 3. Nomura has a “Neutral” rating and a GBX 2698 price target on shares. Finally, Oddo & Cie maintained the stock with “Buy” rating in a report issued on a November 20.
Approximately 122,906 shares of stock traded hands. InterContinental Hotels Group PLC (LON:IHG) has declined 9.60% since May 15, 2015 and is downtrending. It has underperformed by 5.19% the S&P500.
InterContinental Hotels Group PLC is a hotel company. The company has a market cap of 5.97 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 17.94 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.”