Deutsche Bank Aktiengesellschaft Reiterates “Hold” Rating for InterContinental Hotels Group (LON:IHG)

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of InterContinental Hotels Group (LON:IHG) in a research note released on Thursday morning, Marketbeat.com reports. They currently have a GBX 8,300 ($106.77) target price on the stock.

Separately, Jefferies Financial Group reaffirmed a hold rating and set a GBX 84 ($1.08) price target on shares of InterContinental Hotels Group in a research note on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, InterContinental Hotels Group has a consensus rating of Hold and an average target price of GBX 5,847.33 ($75.22).

InterContinental Hotels Group Stock Down 3.3 %

Shares of IHG stock opened at GBX 7,366 ($94.75) on Thursday. The business has a 50-day moving average price of GBX 8,109.32 and a two-hundred day moving average price of GBX 8,001.73. InterContinental Hotels Group has a 12-month low of GBX 5,548 ($71.37) and a 12-month high of GBX 8,790 ($113.07). The firm has a market cap of £11.96 billion, a P/E ratio of 2,122.77, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97.

About InterContinental Hotels Group

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.