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

Shares of InterContinental Hotels Group PLC (LON:IHG) have earned a consensus rating of “Reduce” from the six research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 5,471 ($70.40).

A number of research firms have recently commented on IHG. Berenberg Bank restated a “hold” rating and set a GBX 7,400 ($95.23) price objective on shares of InterContinental Hotels Group in a research note on Thursday, August 15th. The Goldman Sachs Group raised shares of InterContinental Hotels Group to a “buy” rating in a research report on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 8,300 ($106.81) target price on shares of InterContinental Hotels Group in a report on Thursday, August 1st.

Insider Activity

In other InterContinental Hotels Group 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 ($110.72), for a total transaction of £28,221.12 ($36,315.94). Insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Price Performance

The firm has a market capitalization of £14.83 billion, a PE ratio of 3,169.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a 1-year low of GBX 5,866 ($75.49) and a 1-year high of GBX 9,436 ($121.43). The stock’s 50 day simple moving average is GBX 8,316.72 and its two-hundred day simple moving average is GBX 8,046.79.

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.