InterContinental Hotels Group PLC (LON:IHG) Receives Average Rating of “Reduce” from Brokerages

InterContinental Hotels Group PLC (LON:IHG) has earned an average recommendation of “Reduce” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 5,473.75 ($69.05).

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 95 ($1.20) target price on shares of InterContinental Hotels Group in a research report on Tuesday.

InterContinental Hotels Group Stock Down 4.6 %

Shares of LON IHG traded down GBX 489.50 ($6.18) during mid-day trading on Tuesday, reaching £102.06 ($128.74). 492,704 shares of the company traded hands, compared to its average volume of 2,894,004. The company’s fifty day moving average is £100.49 and its two-hundred day moving average is GBX 8,939.85. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. InterContinental Hotels Group has a fifty-two week low of GBX 7,032 ($88.71) and a fifty-two week high of £109.75 ($138.45). The stock has a market cap of £20.46 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Company Profile

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.