InterContinental Hotels Group PLC (LON:IHG) Rating Reaffirmed
Barclays Capital now has a GBX 2650.00 TP on the 5.86 billion GBP market cap company or 7.05% upside potential. In an interesting research report sent to investors on Friday morning, InterContinental Hotels Group PLC (LON:IHG) shares have had their Equal weight Rating has decided to reaffirm by analysts at Barclays Capital.
From a total of 19 analysts covering InterContinental Hotels Group PLC (LON:IHG) stock, 5 rate it a ”Buy”, 2 a “Sell”, and 12 a ”Hold”. This means that 26% of the ratings are positive. The highest target price is GBX 3200 while the lowest target price is GBX 2150. The mean of all analyst targets is GBX 2722.83 with a 9.88% above today’s (GBX 2478) 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 49,974 shares of stock traded hands. InterContinental Hotels Group PLC (LON:IHG) has declined 11.55% since April 30, 2015 and is downtrending. It has underperformed by 10.19% the S&P500.
InterContinental Hotels Group PLC is a hotel company. The company has a market cap of 5.86 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 17.52 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)