InterContinental Hotels Group PLC (LON:IHG - Get Free Report) has received an average rating of "Reduce" from the six ratings firms that are currently covering the company, MarketBeat reports. Two investment 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 brokers that have issued a report on the stock in the last year is GBX 5,471 ($71.22).
A number of analysts recently weighed in on IHG shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 8,300 ($108.04) price target on shares of InterContinental Hotels Group in a research report on Thursday, August 1st. Berenberg Bank reiterated a "hold" rating and issued a GBX 7,400 ($96.33) target price on shares of InterContinental Hotels Group in a report on Thursday, August 15th. Finally, The Goldman Sachs Group raised shares of InterContinental Hotels Group to a "buy" rating in a report on Wednesday, September 18th.
View Our Latest Stock Report on InterContinental Hotels Group
InterContinental Hotels Group Price Performance
Shares of InterContinental Hotels Group stock traded up GBX 250 ($3.25) on Friday, hitting GBX 9,258 ($120.52). 275,329 shares of the company's stock traded hands, compared to its average volume of 628,103. InterContinental Hotels Group has a one year low of GBX 5,792 ($75.40) and a one year high of GBX 9,270 ($120.67). The firm's 50-day moving average price is GBX 8,247.16 and its two-hundred day moving average price is GBX 8,027.01. The stock has a market capitalization of £14.67 billion, a PE ratio of 3,138.31, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.
Insider Buying and Selling
In related 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 ($112.00), for a total transaction of £28,221.12 ($36,736.68). Company insiders own 5.99% of the company's stock.
InterContinental Hotels Group Company Profile
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Get Free ReportInterContinental 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.
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