Analysts Set InterContinental Hotels Group PLC (LON:IHG) Target Price at GBX 5,473.75

Shares of InterContinental Hotels Group PLC (LON:IHG) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 5,898.75 ($74.44).

IHG has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 7,800 ($98.44) target price on shares of InterContinental Hotels Group in a research note on Thursday, February 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 95 ($1.20) price objective on shares of InterContinental Hotels Group in a research note on Tuesday, February 18th.

Insider Buying and Selling

In related news, insider Byron Elmer Grote acquired 400 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of £127.25 ($160.59) per share, with a total value of £50,900 ($64,235.23). 5.99% of the stock is owned by corporate insiders.

InterContinental Hotels Group Price Performance

IHG opened at GBX 9,706 ($122.49) on Tuesday. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. The stock has a market capitalization of £19.46 billion, a P/E ratio of 31.86, a PEG ratio of 1.69 and a beta of 0.98. The stock has a 50-day moving average price of £100.54 and a 200-day moving average price of GBX 9,016.85. InterContinental Hotels Group has a 12-month low of GBX 7,032 ($88.74) and a 12-month high of £109.75 ($138.50).

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.