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

Shares of InterContinental Hotels Group PLC (LON:IHG) have been assigned a consensus recommendation of “Reduce” from the six ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target 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 issued a GBX 95 ($1.20) price target on shares of InterContinental Hotels Group in a research note on Tuesday.

InterContinental Hotels Group Stock Performance

InterContinental Hotels Group stock traded down GBX 489.50 ($6.18) during mid-day trading on Tuesday, reaching £102.06 ($128.74). The company had a trading volume of 492,704 shares, compared to its average volume of 2,894,004. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The firm has a market cap of £20.46 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.69 and a beta of 0.98. The company has a 50 day moving average of £100.49 and a 200-day moving average of GBX 8,939.85. InterContinental Hotels Group has a 52 week low of GBX 7,032 ($88.71) and a 52 week high of £109.75 ($138.45).

About InterContinental Hotels Group

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.