InterContinental Hotels Group PLC (LON:IHG) Given Consensus Recommendation of "Reduce" by Brokerages

Shares of InterContinental Hotels Group PLC (LON:IHG - Get Free Report) have received an average rating of "Reduce" from the six research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 5,898.75 ($74.53).

A number of equities analysts have recently issued reports on IHG shares. Jefferies Financial Group restated a "hold" rating and set a GBX 95 ($1.20) target price on shares of InterContinental Hotels Group in a research report on Tuesday. JPMorgan Chase & Co. reissued an "underweight" rating and set a GBX 7,800 ($98.55) price objective on shares of InterContinental Hotels Group in a research report on Thursday.

InterContinental Hotels Group Stock Performance

IHG traded down GBX 20 ($0.25) during trading on Tuesday, hitting GBX 9,900 ($125.08). 707,612 shares of the stock were exchanged, compared to its average volume of 2,715,082. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. InterContinental Hotels Group has a 1-year low of GBX 7,032 ($88.84) and a 1-year high of £109.75 ($138.66). The stock has a fifty day moving average price of £100.60 and a two-hundred day moving average price of GBX 8,982.80. The firm has a market capitalization of £19.84 billion, a P/E ratio of 32.49, a PEG 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.