A statement released earlier today by Credit Suisse about InterContinental Hotels Group PLC (LON:IHG) bumps the target price to 3,550.00GBX
- Updated: September 16, 2016
Showing a price of 2,965.00GBX, InterContinental Hotels Group PLC (LON:IHG) traded 0.09% higher on the day. With the last stock close down 5.66% from the 200-day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. IHG has been tracking to a 50-day moving average of 3,236.32GBX and two hundred day 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.
Credit Suisse bumped the price target of InterContinental Hotels Group PLC (LON:IHG) to 3,550GBX, indicating a possible upside of 0.20%,
On 8/08/2016, Morgan Stanley reported about InterContinental Hotels Group PLC(LON:IHG) bumped the target price from 3,050.00GBX to 3,300.00GBX. At the time, this suggested an upside of 0.04%.
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Also covering InterContinental Hotels Group PLC’s price target, a total of 19 firms have issued a ratings update on IHG. The one year target is 41.67GBX with one analyst rating the company a strong buy, four analysts rating the stock a buy, 14 analysts rating the stock a hold, two brokerages rating the company to underperform, and lastly one brokerage rating the stock as sell.
With a market cap of 0.0 GBX, InterContinental Hotels Group PLC has a PE of 7 with a 52 week low of 2,504.00GBX and a one-year high of 3,528.00GBX.
Brief Synopsis About 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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