InterContinental Hotels Group (LON:IHG) Given New £119 Price Target at JPMorgan Chase & Co.

by · The Cerbat Gem

InterContinental Hotels Group (LON:IHG – Get Free Report) had its target price increased by JPMorgan Chase & Co. from £104 to £119 in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 18.94% from the stock’s previous close.

A number of other equities analysts have also weighed in on IHG. Deutsche Bank Aktiengesellschaft increased their target price on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the stock a “hold” rating in a research report on Thursday, September 11th. UBS Group restated a “buy” rating and set a GBX 9,450 price target on shares of InterContinental Hotels Group in a research note on Friday, October 17th. Finally, Citigroup raised their price objective on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a report on Friday, October 24th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 7,499.

View Our Latest Research Report on IHG

InterContinental Hotels Group Stock Performance

Shares of LON IHG traded up GBX 5 during trading on Tuesday, reaching £100.05. 306,584 shares of the stock traded hands, compared to its average volume of 2,198,261. InterContinental Hotels Group has a 52-week low of GBX 7,252 and a 52-week high of £109.75. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The company has a 50-day moving average of GBX 9,375.95 and a 200-day moving average of GBX 8,928.96. The stock has a market capitalization of £15.11 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Company Profile

(Get Free Report)

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.

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