InterContinental Hotels Group PLC (LON:IHG) Receives Consensus Recommendation of “Reduce” from Brokerages

InterContinental Hotels Group PLC (LON:IHG) has been given a consensus rating of “Reduce” by the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 5,471 ($69.90).

IHG has been the topic of a number of analyst reports. The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a research report on Wednesday, September 18th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,400 ($94.54) price objective on shares of InterContinental Hotels Group in a research report on Thursday, August 15th.

Insider Buying and Selling

In related news, insider Daniela Barone Soares sold 328 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($109.93), for a total value of £28,221.12 ($36,056.11). 5.99% of the stock is owned by insiders.

InterContinental Hotels Group Stock Up 0.4 %

InterContinental Hotels Group stock opened at GBX 9,798 ($125.18) on Wednesday. The business has a 50-day simple moving average of GBX 8,999.92 and a two-hundred day simple moving average of GBX 8,282.33. The company has a market cap of £15.53 billion, a P/E ratio of 3,307.80, a P/E/G ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a 52-week low of GBX 6,856 ($87.59) and a 52-week high of £101.95 ($130.25).

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.