InterContinental Hotels Group's (IHG) "Underweight" Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of InterContinental Hotels Group (LON:IHG - Free Report) in a report issued on Thursday, Marketbeat.com reports. The firm currently has a GBX 7,800 ($98.44) price objective on the stock.

Separately, Jefferies Financial Group reiterated a "hold" rating and set a GBX 95 ($1.20) price target on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of GBX 5,898.75 ($74.44).

InterContinental Hotels Group Stock Down 2.1 %

InterContinental Hotels Group stock traded down GBX 204 ($2.57) during trading on Thursday, hitting GBX 9,696 ($122.36). 321,433 shares of the company were exchanged, compared to its average volume of 2,652,091. The business's 50 day moving average is £100.54 and its 200 day moving average is GBX 9,016.85. InterContinental Hotels Group has a 52 week low of GBX 7,032 ($88.74) and a 52 week high of £109.75 ($138.50). The company has a market capitalization of £19.44 billion, a P/E ratio of 31.82, a PEG ratio of 1.69 and a beta of 0.98. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30.

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Insiders Place Their Bets

In other InterContinental Hotels Group news, insider Byron Elmer Grote acquired 400 shares of the business's stock in a transaction on Friday, February 21st. The shares were acquired at an average price of £127.25 ($160.59) per share, with a total value of £50,900 ($64,235.23). Insiders own 5.99% of the company's stock.

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.