Intercontinental Hotels Group (LON:IHG) Downgraded by Royal Bank of Canada

Royal Bank of Canada cut shares of Intercontinental Hotels Group (LON:IHG) from a sector perform rating to an underperform rating in a report published on Thursday morning, Briefing.com Automated Import reports.

Several other analysts also recently weighed in on the company. UBS Group reiterated a neutral rating on shares of CAIXABANK/ADR in a research note on Thursday. Numis Securities reiterated a buy rating and set a GBX 3,600 ($47.04) price target on shares of in a research note on Friday, June 14th. Main First Bank initiated coverage on Intercontinental Hotels Group in a research note on Tuesday, April 16th. They set an outperform rating and a GBX 5,600 ($73.17) price target on the stock. Barclays downgraded to an underweight rating and set a GBX 4,400 ($57.49) price target on the stock. in a research note on Tuesday, June 18th. Finally, Goldman Sachs Group set a GBX 4,300 ($56.19) price target on ASOS and gave the company a buy rating in a research note on Monday, April 15th. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 5,006.25 ($65.42).

Intercontinental Hotels Group stock opened at GBX 5,514 ($72.05) on Thursday. The company’s 50-day moving average price is GBX 5,257.26. The stock has a market cap of $10.04 billion and a P/E ratio of 28.66. Intercontinental Hotels Group has a fifty-two week low of GBX 4,052.63 ($52.95) and a fifty-two week high of GBX 5,487 ($71.70).

Intercontinental Hotels Group Company Profile

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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.

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Analyst Recommendations for Intercontinental Hotels Group (LON:IHG)

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