InterContinental Hotels Group (LON:IHG) receives overweight rating from JPMorgan Chase & Co.

InterContinental Hotel Group (LON:IHG – Get a rating)The stock was reassigned an “overweight” rating by stock analysts to JPMorgan Chase & Co. in a research report published on Tuesday, PriceTargets.com reports.

IHG has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a price target of 5,610 GBX ($73.51) on InterContinental Hotels Group shares in a Wednesday, Feb. 23 research report. Barclays reiterated an “overweight” rating and set a target price of 5,700 GBX ($74.69) on InterContinental Hotels Group shares in a Thursday, March 3 report. Finally, Berenberg Bank raised its price target on InterContinental Hotels Group from 5,400 GBX ($70.75) to 5,700 GBX ($74.69) and gave the stock a “buy” rating in a research from Monday, January 17. One financial analyst has assigned the stock a sell rating, one has issued a hold rating and four have assigned the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of 5,662 GBX ($74.19).

IHG traded 45 GBX ($0.59) in Tuesday’s trading, reaching 4,550 GBX ($59.62). The stock recorded a trading volume of 743,594 shares, compared to an average volume of 791,290. The company has a market capitalization of £8.37 billion and a price-earnings ratio of 42.21. The stock’s 50-day moving average is 4,920.34 GBX and its two-hundred-day moving average is 4,810.75 GBX. InterContinental Hotels Group has a one-year minimum of 4,300 GBX ($56.34) and a one-year maximum of 5,376 GBX ($70.44).

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About InterContinental Hotels Group (Get a rating)

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, resorts, restaurants and spas under the names EVEN Hotels, HUALUXE Hotels and Resorts, avid hotels, voco hotels, Kimpton Hotels & Restaurants, Regent Hotels & Resorts, Six Senses Hotels Resorts Spas, Atwell Suites, InterContinental Hotels & Resorts, Hotel Indigo, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites and Candlewood Suites.

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Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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