InterContinental Hotels Group PLC (LON:IHG) had its price target raised by equities researchers at Deutsche Bank AG from GBX 3,500 ($45.58) to GBX 4,000 ($52.09) in a research report issued to clients and investors on Wednesday, August 2nd, MarketBeat.com reports. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 0.38% from the stock’s previous close.
A number of other research firms have also issued reports on IHG. Credit Suisse Group boosted their price target on shares of InterContinental Hotels Group PLC from GBX 4,330 ($56.39) to GBX 4,515 ($58.80) and gave the company an “outperform” rating in a report on Monday, April 24th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 4,000 ($52.09) price objective on shares of InterContinental Hotels Group PLC in a research note on Thursday, May 4th. Beaufort Securities reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Monday, May 15th. J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 3,415 ($44.47) price objective on shares of InterContinental Hotels Group PLC in a research note on Monday, May 15th. Finally, Liberum Capital initiated coverage on shares of InterContinental Hotels Group PLC in a research report on Wednesday, July 5th. They issued a “hold” rating and a GBX 4,600 ($59.90) target price for the company. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 3,804.44 ($49.54).
Shares of InterContinental Hotels Group PLC (LON:IHG) traded down 1.26% during midday trading on Wednesday, hitting GBX 3985.00. 573,212 shares of the stock traded hands. The stock’s market cap is GBX 7.81 billion. InterContinental Hotels Group PLC has a one year low of GBX 2,957.20 and a one year high of GBX 4,492.00. The firm has a 50-day moving average price of GBX 4,283.48 and a 200 day moving average price of GBX 4,172.17.
COPYRIGHT VIOLATION NOTICE: “Deutsche Bank AG Raises InterContinental Hotels Group PLC (IHG) Price Target to GBX 4,000” was originally reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/13/deutsche-bank-ag-increases-intercontinental-hotels-group-plc-ihg-price-target-to-gbx-4000-updated.html.
In related news, insider Richard Solomons sold 31,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of GBX 4,413 ($57.47), for a total transaction of £1,368,030 ($1,781,521.03).
InterContinental Hotels Group PLC Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
Receive News & Ratings for InterContinental Hotels Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.