InterContinental Hotels Group (LON:IHG) ranking reiterated by the Royal Bank of Canada

InterContinental Hotel Group (LON: IHG – Get Rating)The stock had its “overweight” rating reiterated by equity research analysts at Royal Bank of Canada in a research note released Wednesday to investors, reports. They currently have a target price of 6,100 GBX ($73.71) on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 21.90% from the company’s current price.

A number of other research companies also weighed in on IHG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a price target of 5,700 GBX ($68.87) on InterContinental Hotels Group shares in a Monday, May 9 research report. Citigroup reaffirmed a “neutral” rating and set a price target of 4,980 GBX ($60.17) on shares of InterContinental Hotels Group in a Wednesday, Aug. 3 report. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of InterContinental Hotels Group in a Tuesday, May 17 report. Barclays cut its price target on InterContinental Hotels Group shares from 5,700 GBX ($68.87) to 5,400 GBX ($65.25) and set an ‘overweight’ rating for the company in a report Thursday, June 30. Finally, Morgan Stanley reiterated an “equal weight” rating on InterContinental Hotels Group shares in a Wednesday, May 11 report. Two research analysts gave the stock a hold rating and five gave the company a buy rating. According to data from, the company currently has an average rating of “Moderate Buy” and an average price target of 5,640 GBX ($68.15).

Pricing performance of the InterContinental Hotels group

IHG opened at 5,004 GBX ($60.46) on Wednesday. The company’s 50-day moving average is 4,632.48 GBX and its 200-day moving average is 4,867.93 GBX. InterContinental Hotels Group has a fifty-two week minimum of 4,174 GBX ($50.43) and a fifty-two week maximum of 5,386 GBX ($65.08). The company has a market capitalization of £9.21 billion and a P/E ratio of 4,197.48.

About InterContinental Hotels Group

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InterContinental Hotels Group PLC owns, manages, franchises and leases hotels in America, 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 brands. , Atwell Suites, Candlewood Suites, Voco and Crowne Plaza.

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