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Goldman Sachs announced InterContinental Hotels Group PLC (LON:IHG), dropping its stock price target to 3,100.00GBX today

In a report released on Monday September 26, 2016 Goldman Sachs reduced the stock price target of InterContinental Hotels Group PLC (LON:IHG) from 3,300.00GBX to 3,100.00GBX reporting a possible downside of -0.01%.

Previously on 09/19/2016, HSBC reported on InterContinental Hotels Group PLC (LON:IHG) increased the target price from 0.00GBX to 2,900.00GBX. At the time, this indicated a possible downside of -0.11%.

Just yesterday InterContinental Hotels Group PLC (LON:IHG) traded -4.23% lower at 3,145.00GBX. InterContinental Hotels Group PLC’s 50-day moving average is 3,265.84GBX and its 200-day moving average is 3,067.31GBX. The last closing price is up 2.57% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 335,696 shares of IHG traded hands, down from an average trading volume of 682,322

Recent Performance Chart

InterContinental Hotels Group PLC (LON:IHG)

InterContinental Hotels Group PLC has 52 week low of 2,162.48GBX and a 52 week high of 3,376.00GBX with a PE ratio of 6.39 and has a market capitalization of 0 GBX.

Also covering InterContinental Hotels Group PLC's price target, a total of 19 brokerages have issued a ratings update on InterContinental Hotels Group PLC. The 12-month price target is 41.67GBX with one firm rating the stock a strong buy, 4 firms rating the stock a buy, 14 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 broker rating the stock a sell.

Brief Synopsis On 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 62,040 rooms.

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