Rating Action: Equity Analysts at Barclays Capital Maintained their Equal weight rating for InterContinental Hotels Group PLC (LON:IHG). The Price Objective Given is GBX 3060.00

November 24, 2016 - By whatsonthorold

InterContinental Hotels Group PLC (LON:IHG) Rating

The firm have set target price of GBX 3060.00 on InterContinental Hotels Group PLC (LON:IHG) shares. This is -5.96% from the stock close price. In a note revealed to clients and investors on Thursday, 24 November, Barclays Capital reconfirmed their Equal weight rating on shares of IHG.

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 -11.50% below today’s (GBX 3261) stock price. InterContinental Hotels Group PLC has been the topic of 120 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Underweight” rating by JP Morgan given on Wednesday, November 23. The stock of InterContinental Hotels Group PLC (LON:IHG) has “Equal Weight” rating given on Monday, August 8 by Morgan Stanley. The stock of InterContinental Hotels Group PLC (LON:IHG) has “Equal Weight” rating given on Monday, October 24 by Barclays Capital. The rating was maintained by JP Morgan with “Neutral” on Monday, July 27. As per Thursday, July 23, the company rating was maintained by Societe Generale. As per Monday, October 5, the company rating was maintained by Bryan Garnier & Cie. The firm earned “Hold” rating on Tuesday, December 8 by Berenberg. The firm has “Buy” rating given on Monday, September 28 by Citigroup. The firm has “Buy” rating by Citigroup given on Monday, September 7. The stock of InterContinental Hotels Group PLC (LON:IHG) earned “Neutral” rating by Citigroup on Wednesday, August 3.

About 37,173 shares traded hands. InterContinental Hotels Group PLC (LON:IHG) has declined 18.49% since April 27, 2016 and is downtrending. It has underperformed by 23.90% the S&P500.

InterContinental Hotels Group PLC is a hotel company. The company has a market cap of 6.43 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 7.85 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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