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InterContinental Hotels Group PLC (LON:IHG) target price held steady at 3,550.00GBX, issued a report today by Credit Suisse

Yesterday InterContinental Hotels Group PLC (LON:IHG) traded 1.73% higher at 3,215.00GBX. The company’s 50-day moving average is 3,254.00GBX and its 200-day moving average is 3,064.04GBX. The last stock close price is up 3.78% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 729,657 shares of the stock were exchanged, up from an average trading volume of 652,917

InterContinental Hotels Group PLC (LON:IHG) had its target price hold steady to 3,550.00GBX by Credit Suisse in a report released Friday September 30, 2016. The new target price indicates a possible upside of 0.10% based on the company's last stock close price.

Previously on 09/27/2016, Bryan Garnier reported about InterContinental Hotels Group PLC (LON:IHG) raised the target price from 2,650.00GBX to 2,950.00GBX. At the time, this indicated a possible downside of -0.05%.

See Chart Below

InterContinental Hotels Group PLC (LON:IHG)

InterContinental Hotels Group PLC has a 52 week low of 2,162.48GBX and a 52 week high of 3,376.00GBX with a P/E ratio of 6.45 The company’s market cap is currently 0 GBX.

In addition to Credit Suisse reporting its target price, a total of 19 firms have issued a report on the stock. The consensus target price is 41.67GBX with 1 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 firm rating the stock a sell.

General Information 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 62,040 rooms.

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