InterContinental Hotels Group PLC Upgraded to “Buy” at AlphaValue (IHG)

InterContinental Hotels Group PLC Upgraded To “Buy” At AlphaValue (IHG)AlphaValue upgraded1 shares of InterContinental Hotels Group PLC (LON:IHG) to a buy rating in a research report released on Wednesday, MarketBeat2 reports. They currently have GBX 2,688 ($41.73) target price on the stock.

Other equities research analysts3 have also issued research reports about the stock. Citigroup Inc. reiterated a buy rating and issued a GBX 3,150 ($48.91) price objective on shares of InterContinental Hotels Group PLC in a research note4 on Monday, September 7th. Deutsche Bank restated a hold rating and set a GBX 2,770 ($43.01) price target on shares of InterContinental Hotels Group PLC in a research note on Friday, July 31st. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 2,770 ($43.01) price objective (up from GBX 2,700 ($41.92)) on shares of InterContinental Hotels Group PLC in a report on Wednesday. Oddo & Cie reissued a neutral rating and issued a GBX 2,800 ($43.47) price target on shares of InterContinental Hotels Group PLC in a report on Tuesday, June 23rd. Finally, Jefferies Group upgraded shares of InterContinental Hotels Group PLC to a hold rating in a research note on Friday, July 24th.

Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 2,674.87 ($41.53). InterContinental Hotels Group PLC (LON:IHG5) opened at 2293.00 on Wednesday. The firm has a 50-day moving average of GBX 2,439.38 and a 200-day moving average of GBX 2,635.67. InterContinental Hotels Group PLC has a one year low of GBX 2,085.00 and a one year high of GBX 2,967.00. The firm s market cap is GBX 5.39 billion.

The business also recently disclosed a dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, August 27th will be given a GBX 17.70 ($0.27) dividend. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 27th. InterContinental Hotels Group PLC is a hotel company. The Business franchises, leases, manages or owns over and about 4,800 710,000 guest rooms in nearly 100 countries.

The Company s portfolio of hotel brands include InterContinental Hotels & Resorts, HUALUXE Hotels and Resorts, Crowne Plaza Hotels & Resorts, Hotel Indigo, EVEN Hotels, Discount Holidays © Holiday Inn, Discount Holidays © Holiday Inn Express, Staybridge Suites, Candlewood Suites and Kimpton Hotels & Restaurant.

The Organization operates through four geographical regions: Americas, Europe, Asia, Middle East and Africa, and Greater China.InterContinental Hotels Group PLC Upgraded To “Buy” At AlphaValue (IHG)

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References

  1. ^ upgraded (www.marketbeat.com)
  2. ^ MarketBeat (www.marketbeat.com)
  3. ^ analysts (www.marketbeat.com)
  4. ^ research note (www.marketbeat.com)
  5. ^ LON:IHG (www.marketbeat.com)
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