InterContinental Hotels Group’s (IHG) Buy Rating Reaffirmed at UBS Group

UBS Group reiterated their buy rating on shares of InterContinental Hotels Group (LON:IHG) in a report issued on Friday, Marketbeat reports. They currently have a GBX 9,450 price target on the stock.

Several other brokerages have also recently weighed in on IHG. Deutsche Bank Aktiengesellschaft lifted their price objective on InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the company a “hold” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. raised InterContinental Hotels Group to an “overweight” rating and boosted their price target for the company from GBX 8,500 to £104 in a research note on Friday, September 26th. Finally, Citigroup boosted their target price on shares of InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the company a “sell” rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 7,179.

InterContinental Hotels Group Stock Down 0.3%

LON IHG opened at GBX 8,904 on Friday. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. InterContinental Hotels Group has a 1-year low of GBX 7,252 and a 1-year high of £109.75. The company has a 50 day moving average of GBX 8,937.29 and a 200-day moving average of GBX 8,580.61. The company has a market cap of £13.49 billion, a price-to-earnings ratio of 1,886.04, a PEG ratio of 1.69 and a beta of 0.98.

About InterContinental Hotels Group

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.