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A report released today by HSBC about InterContinental Hotels Group PLC (LON:IHG) raises the target price to 2,900.00GBX

InterContinental Hotels Group PLC (LON:IHG) had its price target bumped up to 2,900GBX by HSBC in a report issued Monday September 19 2016. The increased target price implies a potential downside of -0.11% from the bussiness’ most recent stock close price.

On 9/15/2016, Berenberg released a statement on InterContinental Hotels Group PLC(LON:IHG) upped the target price from 2,850.00GBX to 3,000.00GBX. At the time, this indicated a possible downside of -0.06%.

Displaying a price of 3,250.50GBX, InterContinental Hotels Group PLC (LON:IHG) traded 0.09% higher on the day. With the last stock price up 5.41% relative to the two hundred day moving average, compared to the S&P 500 Index which has fallen -0.01% over the date range. IHG has been tracking to a 50-day average of 3,236.32GBX and 200-day moving average of 3,067.40GBX. Volume of trade was was up over the average, with 1,120,306 shares of IHG changing hands over the typical 710,999 shares.

See Graph Below:

InterContinental Hotels Group PLC (LON:IHG)

InterContinental Hotels Group PLC has a P/E of 7 with a one-year low of 2,162.48GBX and a 52 week high of 3,376.00GBX and has a market capitalization of 0.0 GBX.

A total of 19 brokerages have reported on the stock. One analyst rate the stock a strong buy, four firms rate the company a buy, 14 firms rate the company a hold, two brokerages rate the company to underperform, and lastly one firmrate the company as sell with a one year target price of 41.67GBX

General Company Details For InterContinental Hotels Group PLC (LON:IHG)

InterContinental Hotels Group PLC is a hotel company. The Company operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s segments include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Company 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 Company 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 Company manages over 810 hotels and owns seven hotels across the world. The Company’s InterContinental Hotels & Resorts brand operates approximately 180 hotels with over 62, and 040 rooms.

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