Research analysts at Goldman Sachs boosted their target price on shares of InterContinental Hotels Group (LON: IHG) from $32.32 (2150 GBX) to $33.82 (2250 GBX) in a report released on Wednesday. The firm currently has a “buy” rating on the stock.
InterContinental Hotels Group opened at 1948.00 on Wednesday. InterContinental Hotels Group has a 1-year low of GBX 1472.1429 and a 1-year high of GBX 2009.00. The stock’s 50-day moving average is currently GBX 1630.. The company’s market cap is £5.000 billion.
IHG has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated an “overweight” rating on shares of InterContinental Hotels Group in a research note to investors on Wednesday, February 20th. They now have a $32.30 price target on the stock. Separately, analysts at Investec downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, February 19th. They now have a $31.04 price target on the stock, down previously from $1,950.00. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note to investors on Monday, February 18th. They now have a $30.15 price target on the stock.
InterContinental Hotels Group PLC (IHG) is a global hotel company, operating seven brands internationally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.