InterContinental Hotels Group PLC (LON:IHG) Receives Consensus Rating of "Reduce" from Analysts

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) has earned an average recommendation of "Reduce" from the six analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 5,471 ($69.32).

Several brokerages recently issued reports on IHG. Berenberg Bank reaffirmed a "hold" rating and set a GBX 7,400 ($93.77) price target on shares of InterContinental Hotels Group in a report on Thursday, August 15th. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group to a "buy" rating in a report on Wednesday, September 18th.

Insider Transactions at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($109.02), for a total transaction of £28,221.12 ($35,759.15). 5.99% of the stock is owned by corporate insiders.

InterContinental Hotels Group Stock Down 0.2 %

Shares of IHG traded down GBX 20.06 ($0.25) during midday trading on Wednesday, hitting GBX 9,984.94 ($126.52). The company's stock had a trading volume of 746,603 shares, compared to its average volume of 616,968. The stock has a market capitalization of £15.83 billion, a price-to-earnings ratio of 3,393.73, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a one year low of GBX 6,300 ($79.83) and a one year high of £100.50 ($127.34). The company's fifty day simple moving average is GBX 8,820.76 and its two-hundred day simple moving average is GBX 8,207.83.

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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.