Intercontinental Hotels Group (LON:IHG) was upgraded by research analysts at UBS Group to a “neutral” rating in a research report issued on Wednesday, investing.thisismoney.co.uk reports. The brokerage presently has a GBX 4,500 ($58.80) target price on the stock, up from their previous target price of GBX 4,275 ($55.86). UBS Group’s price objective would indicate a potential downside of 1.85% from the company’s previous close.
Several other research firms have also recently commented on IHG. Royal Bank of Canada initiated coverage on Intercontinental Hotels Group in a research report on Tuesday, December 4th. They set a “sector performer” rating and a GBX 4,500 ($58.80) price objective on the stock. Morgan Stanley cut Intercontinental Hotels Group from an “equal” rating to a “weight” rating in a research report on Monday, January 7th. Barclays reaffirmed an “equal weight” rating on shares of Intercontinental Hotels Group in a research report on Thursday, February 7th. Finally, Bryan, Garnier & Co reaffirmed a “sell” rating on shares of Intercontinental Hotels Group in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 4,788.89 ($62.58).
Intercontinental Hotels Group stock opened at GBX 4,585 ($59.91) on Wednesday. Intercontinental Hotels Group has a one year low of GBX 3,656 ($47.77) and a one year high of GBX 4,944 ($64.60).
Intercontinental Hotels Group Company Profile
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, 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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