Morgan Stanley Gives Intercontinental Hotels Group (LON:IHG) a Higher Rating. Will Other Analysts Follow Suit?

Intercontinental Hotels Group (LON:IHG) Stock Upgrade

Morgan Stanley has raised shares of Intercontinental Hotels Group (LON:IHG) to a Equal-weight and at this point in time has a GBX 4200.00 target on the stock. This was revealed to clients and investors in a recent note earlier today. Morgan Stanley’s target would suggest a possible downside of -4.83 %.

InterContinental Hotels Group PLC (LON:IHG.L) Ratings Coverage

Among 24 analysts covering InterContinental Hotels Group PLC (LON:IHG), 5 have Buy rating, 4 Sell and 15 Hold. Therefore 21% are positive. InterContinental Hotels Group PLC has GBX 5100 highest and GBX 2150 lowest target. GBX 3501.54’s average target is -19.49% below currents GBX 4349 stock price. InterContinental Hotels Group PLC had 184 analyst reports since July 27, 2015 according to SRatingsIntel. As per Tuesday, May 23, the company rating was maintained by Deutsche Bank. The firm has “Hold” rating by Numis Securities given on Tuesday, August 2. Barclays Capital maintained InterContinental Hotels Group PLC (LON:IHG.L) on Thursday, June 29 with “Equal Weight” rating. The rating was maintained by Panmure Gordon on Tuesday, October 20 with “Hold”. As per Thursday, December 3, the company rating was maintained by AlphaValue. The rating was maintained by Numis Securities with “Hold” on Thursday, July 30. UBS maintained the shares of IHG in report on Friday, February 24 with “Sell” rating. On Tuesday, February 23 the stock rating was maintained by Societe Generale with “Hold”. JP Morgan maintained it with “Underweight” rating and GBX 2723 target in Wednesday, June 29 report. The company was maintained on Wednesday, August 3 by Citigroup.

The stock decreased 0.64% or GBX 28 during the last trading session, reaching GBX 4349. About 1.62 million shares traded or 166.66% up from the average. InterContinental Hotels Group PLC (LON:IHG) has 0.00% since November 30, 2016 and is . It has underperformed by 16.70% the S&P500.

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels. The company has market cap of 8.16 billion GBP. 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 19.5 P/E ratio. The firm also manages IHG Rewards Club, a hotel loyalty program.