InterContinental Hotels Group PLC (LON:IHG) Receives GBX 5,471 Average Target Price from Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have earned an average recommendation of “Reduce” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 5,471 ($69.75).

Several analysts have weighed in on IHG shares. Berenberg Bank reissued a “hold” rating and set a GBX 7,400 ($94.34) price objective on shares of InterContinental Hotels Group in a report on Thursday, August 15th. The Goldman Sachs Group raised shares of InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th.

Insider Activity

In related news, insider Daniela Barone Soares sold 328 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($109.69), for a total value of £28,221.12 ($35,977.97). 5.99% of the stock is currently owned by company insiders.

InterContinental Hotels Group Stock Performance

LON IHG opened at £101.45 ($129.33) on Wednesday. InterContinental Hotels Group has a 52 week low of GBX 6,370 ($81.21) and a 52 week high of £101.90 ($129.91). The stock has a market capitalization of £16.08 billion, a P/E ratio of 3,438.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The stock has a fifty day moving average of GBX 8,938.24 and a 200-day moving average of GBX 8,254.33.

InterContinental Hotels Group Company Profile

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.