UBS Group reiterated their neutral rating on shares of Intercontinental Hotels Group (LON:IHG) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also recently weighed in on the company. Goldman Sachs Group raised their price target on Intercontinental Hotels Group from GBX 5,550 ($73.01) to GBX 5,600 ($73.66) and gave the company a neutral rating in a report on Friday, February 21st. Societe Generale dropped their price target on Intercontinental Hotels Group from GBX 5,500 ($72.35) to GBX 5,300 ($69.72) and set a hold rating for the company in a report on Thursday, February 20th. HSBC dropped their price target on Intercontinental Hotels Group from GBX 5,100 ($67.09) to GBX 5,000 ($65.77) and set a hold rating for the company in a report on Wednesday, January 29th. Deutsche Bank reaffirmed a hold rating on shares of Intercontinental Hotels Group in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their price target on Intercontinental Hotels Group from GBX 4,600 ($60.51) to GBX 4,150 ($54.59) and set an underweight rating for the company in a report on Tuesday, March 17th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 4,986 ($65.59).
IHG stock traded up GBX 369.50 ($4.86) during midday trading on Monday, reaching GBX 3,799.50 ($49.98). 1,105,258 shares of the company’s stock traded hands, compared to its average volume of 648,968. The company has a 50-day simple moving average of GBX 4,123.62 and a two-hundred day simple moving average of GBX 4,709.04. Intercontinental Hotels Group has a 1-year low of GBX 2,161 ($28.43) and a 1-year high of GBX 5,770 ($75.90). The company has a market cap of $5.01 billion and a price-to-earnings ratio of 18.16.
In related news, insider Patrick Cescau acquired 3,780 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average cost of GBX 2,648 ($34.83) per share, with a total value of £100,094.40 ($131,668.51). Also, insider Ian Dyson acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of GBX 4,545 ($59.79) per share, with a total value of £68,175 ($89,680.35).
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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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