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

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given an average recommendation of “Reduce” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 5,471 ($69.72).

IHG has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded InterContinental Hotels Group to a “buy” rating in a research report on Wednesday, September 18th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,400 ($94.30) target price on shares of InterContinental Hotels Group in a research note on Thursday, August 15th.

Insider Activity

In related news, insider Daniela Barone Soares sold 328 shares of InterContinental Hotels Group stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($109.65), for a total value of £28,221.12 ($35,964.22). Insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Price Performance

InterContinental Hotels Group stock opened at £101.45 ($129.29) on Wednesday. The firm has a 50 day simple moving average of GBX 8,938.24 and a 200-day simple moving average of GBX 8,260.54. The stock has a market cap of £16.08 billion, a price-to-earnings ratio of 3,438.98, 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 6,370 ($81.18) and a 1-year high of £101.90 ($129.86).

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.