Credit Suisse Finally Upgrades Intercontinental Hotels Group (NYSE:IHG) Stock

Intercontinental Hotels Group (NYSE:IHG) Stock Upgrade

Credit Suisse has raised shares of Intercontinental Hotels Group (NYSE:IHG) to a solid “Buy” in a report sent to clients and investors on today.

InterContinental Hotels Group PLC (NYSE:IHG) Ratings Coverage

Among 13 analysts covering Intercontinental Hotels Group (NYSE:IHG), 3 have Buy rating, 4 Sell and 6 Hold. Therefore 23% are positive. Intercontinental Hotels Group has $62.38 highest and $35 lowest target. $50.35’s average target is -26.71% below currents $68.7 stock price. Intercontinental Hotels Group had 22 analyst reports since August 28, 2015 according to SRatingsIntel. M Partners maintained the shares of IHG in report on Thursday, January 14 with “Buy” rating. As per Tuesday, October 17, the company rating was maintained by SunTrust. On Monday, December 5 the stock rating was downgraded by M Partners to “Neutral”. The firm has “Outperform” rating by Credit Suisse given on Wednesday, November 1. On Monday, June 19 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock of InterContinental Hotels Group PLC (NYSE:IHG) has “Underweight” rating given on Thursday, April 14 by JP Morgan. The firm has “Neutral” rating by Citigroup given on Tuesday, January 12. As per Monday, September 26, the company rating was downgraded by Morgan Stanley. On Friday, August 28 the stock rating was upgraded by Credit Suisse to “Neutral”. The rating was initiated by CLSA on Tuesday, April 12 with “Underperform”.

The stock decreased 0.29% or $0.2 during the last trading session, reaching $68.7. About 274,044 shares traded. InterContinental Hotels Group PLC (NYSE:IHG) has risen 43.31% since January 24, 2017 and is uptrending. It has outperformed by 26.61% the S&P500.

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels. The company has market cap of $12.20 billion. It operates hotels, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Crowne Plaza, Holiday Inn Club Vacations, Holiday Inn Resort, and Candlewood Suites Hotels brand names. It has a 30.81 P/E ratio. The firm also manages IHG Rewards Club, a hotel loyalty program.

More notable recent InterContinental Hotels Group PLC (NYSE:IHG) news were published by: Quotes.Wsj.com which released: “InterContinental Hotels Group PLC ADR” on February 11, 2011, also Investorplace.com with their article: “7 Companies Warren Buffett Should Buy Now” published on August 14, 2017, Marketwatch.com published: “FTSE 100 wobbles into the close as pound rallies on Brexit progress” on October 20, 2017. More interesting news about InterContinental Hotels Group PLC (NYSE:IHG) were released by: Smh.com.Au and their article: “Hotels are the hot tickets for investors” published on January 10, 2018 as well as Marketwatch.com‘s news article titled: “China Lodging Group Ltd. ADR” with publication date: October 08, 2010.