InterContinental Hotels Group PLC (IHG) Receives “Neutral” Rating from Goldman Sachs Group, Inc. (The)

InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “neutral” rating reissued by equities researchers at Goldman Sachs Group, Inc. (The) in a report issued on Monday.

A number of other research firms have also issued reports on IHG. Deutsche Bank AG reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Tuesday, May 23rd. Beaufort Securities reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Monday, May 15th. Morgan Stanley decreased their price objective on InterContinental Hotels Group PLC from GBX 4,000 ($51.66) to GBX 3,700 ($47.79) and set an “underweight” rating on the stock in a research note on Tuesday, September 5th. Barclays PLC reiterated an “equal weight” rating and set a GBX 4,000 ($51.66) price objective on shares of InterContinental Hotels Group PLC in a research note on Friday, June 9th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 3,415 ($44.10) price objective on shares of InterContinental Hotels Group PLC in a research note on Monday, May 15th. Five investment 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. InterContinental Hotels Group PLC has an average rating of “Hold” and a consensus price target of GBX 3,802.56 ($49.11).

InterContinental Hotels Group PLC (LON IHG) opened at 3785.00 on Monday. InterContinental Hotels Group PLC has a 12 month low of GBX 2,957.20 and a 12 month high of GBX 4,492.00. The company has a 50 day moving average price of GBX 4,056.92 and a 200-day moving average price of GBX 4,162.03. The company’s market cap is GBX 7.42 billion.

InterContinental Hotels Group PLC (LON:IHG) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Equities analysts predict that InterContinental Hotels Group PLC will post $2.38 earnings per share for the current fiscal year.

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In other InterContinental Hotels Group PLC news, insider Richard Solomons sold 31,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of GBX 4,413 ($56.99), for a total value of £1,368,030 ($1,766,795.82).

About InterContinental Hotels Group PLC

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.

Analyst Recommendations for InterContinental Hotels Group PLC (LON:IHG)

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