InterContinental Hotels Group PLC (LON:IHG) Receives Average Recommendation of “Moderate Buy” from Brokerages

InterContinental Hotels Group PLC (LON:IHG) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 9,350.

A number of research firms recently weighed in on IHG. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, March 30th. Berenberg Bank reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th.

InterContinental Hotels Group Stock Down 0.4%

IHG stock opened at GBX 142.55 on Friday. InterContinental Hotels Group has a twelve month low of GBX 80.74 and a twelve month high of GBX 150.90. The company has a quick ratio of 1.35, a current ratio of 0.97 and a debt-to-equity ratio of -181.87. The firm has a market cap of £212.76 million, a PE ratio of 0.29, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. The business has a 50 day moving average of GBX 136.41 and a 200 day moving average of GBX 4,101.82.

Insider Activity at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Nicholas Cadbury bought 700 shares of InterContinental Hotels Group stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of £134.34 per share, with a total value of £94,038. Insiders own 2.73% of the company’s stock.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

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.