InterContinental Hotels Group’s (IHG) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of InterContinental Hotels Group (LON:IHGGet Rating) in a research note published on Tuesday, MarketBeat.com reports.

A number of other research analysts have also recently commented on IHG. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 5,700 ($70.27) target price on shares of InterContinental Hotels Group in a research report on Monday, May 9th. Morgan Stanley reaffirmed an equal weight rating on shares of InterContinental Hotels Group in a research report on Wednesday, May 11th. Barclays reissued an overweight rating and issued a GBX 5,700 ($70.27) target price on shares of InterContinental Hotels Group in a research report on Monday. Finally, Berenberg Bank restated a buy rating and set a GBX 5,700 ($70.27) price target on shares of InterContinental Hotels Group in a research report on Wednesday, March 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of GBX 5,650 ($69.65).

Shares of InterContinental Hotels Group stock opened at GBX 4,660 ($57.45) on Tuesday. The firm has a market cap of £8.58 billion and a PE ratio of 39.49. InterContinental Hotels Group has a 52 week low of GBX 4,300 ($53.01) and a 52 week high of GBX 5,386 ($66.40). The business’s fifty day simple moving average is GBX 5,071.89 and its 200-day simple moving average is GBX 4,936.95.

The firm also recently declared a dividend, which was paid on Tuesday, May 17th. Shareholders of record on Thursday, March 31st were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 31st. This represents a yield of 1.29%.

About InterContinental Hotels Group (Get Rating)

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.

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Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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