Kepler Cheuvreux reported on InterContinental Hotels Group PLC (LON:IHG), upholding its stock price target at 3,074.00GBX today
- Updated: September 29, 2016
InterContinental Hotels Group PLC (LON:IHG) had its price target hold steady to 3,074.00GBX by Kepler Cheuvreux in a report issued Friday September 30, 2016. The latest target indicates a possible downside of -0.04% from the company's most recent stock price close.
Previously on 9/27/2016, Bryan Garnier reported about InterContinental Hotels Group PLC (LON:IHG) upped the target price from 2,650.00GBX to 2,950.00GBX. At the time, this indicated a possible downside of -0.05%.
Showing a price of 3,215.00GBX, InterContinental Hotels Group PLC (LON:IHG) traded 0.16% higher on the day. The last closing price is up 2.05% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. IHG has recorded a 50-day average of 3,257.11GBX and a two hundred day average of 3,063.23GBX. Trade Volume was down over the average, with 627,044 shares of IHG changing hands under the typical 654,618
With a total market value of 0 GBX, InterContinental Hotels Group PLC has PE ratio of 6.34 with a one year low of 2,162.48GBX and a one year high of 3,376.00GBX .
A total of 19 brokerages have issued a ratings update on InterContinental Hotels Group PLC. 1 brokerage rating the stock a strong buy, 4 analysts rating the company a buy, fourteen equity analysts rating the company a hold, two firms rating the stock a underperform, and finally 1 broker rating the company a sell with a one year target of 41.67GBX.
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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