Follow The Ratings: JP Morgan Cazenove Analyst Reaffirmed GBX 2975.00 Price Target on InterContinental Hotels Group PLC (LON:IHG) stock, While Reiterating “Underweight” Rating

November 23, 2016 - By Dolores Ford

InterContinental Hotels Group PLC (LON:IHG) Rating

JP Morgan Cazenove currently has a GBX 2975.00 target on the 6.42 billion GBP market cap company or -9.74% downside potential. In an analyst note issued on Wednesday morning, InterContinental Hotels Group PLC (LON:IHG) stock had its “Underweight” Rating kept by stock research analysts at JP Morgan Cazenove.

InterContinental Hotels Group PLC (LON:IHG) Ratings Coverage

Out of 23 analysts covering InterContinental Hotels Group PLC (LON:IHG), 5 rate it a “Buy”, 7 “Sell”, while 11 “Hold”. This means 22% are positive. GBX 3550 is the highest target while GBX 2150 is the lowest. The GBX 2886.13 average target is -12.22% below today’s (GBX 3288) stock price. InterContinental Hotels Group PLC has been the topic of 119 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Thursday, February 25, the company rating was maintained by Goldman Sachs. Numis Securities maintained the stock with “Hold” rating in Tuesday, August 2 report. The firm earned “Equal Weight” rating on Friday, July 31 by Barclays Capital. The stock of InterContinental Hotels Group PLC (LON:IHG) has “Underweight” rating given on Monday, September 26 by Goldman Sachs. The company was maintained on Thursday, July 30 by Numis Securities. The stock has “Hold” rating given by Jefferies on Wednesday, March 2. The firm has “Hold” rating given on Tuesday, December 8 by Berenberg. The stock has “Hold” rating given by Kepler Cheuvreux on Monday, May 9. The stock of InterContinental Hotels Group PLC (LON:IHG) has “Neutral” rating given on Thursday, January 14 by JP Morgan. The firm has “Neutral” rating given on Wednesday, August 3 by Citigroup.

About 145,769 shares traded hands. InterContinental Hotels Group PLC (LON:IHG) has declined 18.19% since April 26, 2016 and is downtrending. It has underperformed by 23.52% the S&P500.

InterContinental Hotels Group PLC is a hotel company. The company has a market cap of 6.42 billion GBP. The Firm operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. It has a 7.95 P/E ratio. The Company’s divisions include Americas; Europe; Asia, Middle East and Africa ; Greater China, and Central.

According to Zacks Investment Research, “InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels.”

IHG Company Profile

InterContinental Hotels Group PLC, incorporated on May 21, 2004, is a hotel company. The Firm operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s divisions include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Firm operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites. The Firm has approximately 5,000 hotels and over 744,000 guest rooms in its System in over 100 countries, and has over 1,300 hotels in its development pipeline. It operates approximately 4,220 hotels under franchise agreements. The Firm manages over 810 hotels and owns seven hotels across the world.

More recent InterContinental Hotels Group PLC (LON:IHG) news were published by: Marketwatch.com which released: “IHG strikes confident tone about yearly outlook” on October 21, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Ross Stores, InterContinental Hotels Group and Six Flags …” on August 29, 2016. Fool.com‘s news article titled: “Hotel Stocks to Watch: InterContinental Hotels Group PLC and Homeinns Hotel Group” with publication date: November 16, 2015 was also an interesting one.

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