Peel Hunt Reiterates Hold Rating for InterContinental Hotels Group (LON:IHG)

InterContinental Hotels Group logoInterContinental Hotels Group (LON:IHG – Get Rating)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a research note issued on Tuesday, MarketBeat.com reports. They presently have a GBX 5,750 ($69.24) target price on the stock. Peel Hunt’s target price would suggest a potential upside of 5.00% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Numis Securities reiterated an “add” rating and issued a GBX 5,550 ($66.84) price objective on shares of InterContinental Hotels Group in a research note on Wednesday, February 15th. Barclays reiterated an “overweight” rating and issued a GBX 5,400 ($65.03) price objective on shares of InterContinental Hotels Group in a research note on Thursday, November 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 5,520 ($66.47) price target on shares of InterContinental Hotels Group in a research report on Tuesday, November 22nd. JPMorgan Chase & Co. dropped their price target on shares of InterContinental Hotels Group from GBX 6,200 ($74.66) to GBX 6,000 ($72.25) and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group raised their price target on shares of InterContinental Hotels Group from GBX 5,500 ($66.23) to GBX 6,200 ($74.66) and gave the company a “buy” rating in a research report on Wednesday, January 25th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,750 ($69.24).

InterContinental Hotels Group Price Performance

LON:IHG opened at GBX 5,476 ($65.94) on Tuesday. The firm has a market capitalization of £9.60 billion, a P/E ratio of 2,779.70, a PEG ratio of 0.76 and a beta of 0.97. InterContinental Hotels Group has a 1-year low of GBX 4,174 ($50.26) and a 1-year high of GBX 5,796 ($69.80). The company’s fifty day moving average price is GBX 5,310.28 and its 200-day moving average price is GBX 4,917.34.

Insider Buying and Selling at InterContinental Hotels Group

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In other news, insider Paul Edgecliffe-Johnson sold 21,094 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of GBX 5,521 ($66.49), for a total value of £1,164,599.74 ($1,402,456.33). Insiders own 4.30% of the company’s stock.

InterContinental Hotels Group Company Profile

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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, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.

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Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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