Jefferies Financial Group initiated coverage on shares of InterContinental Hotels Group (NYSE:IHG) in a report issued on Tuesday morning, The Fly reports. The brokerage issued a buy rating on the stock. Jefferies Financial Group also issued estimates for InterContinental Hotels Group’s FY2019 earnings at $3.08 EPS, FY2020 earnings at $3.42 EPS and FY2021 earnings at $3.81 EPS.
A number of other research firms also recently weighed in on IHG. JPMorgan Chase & Co. downgraded shares of InterContinental Hotels Group from an overweight rating to a neutral rating in a research report on Thursday, September 12th. UBS Group downgraded shares of InterContinental Hotels Group from a neutral rating to a sell rating in a research report on Tuesday, July 2nd. Barclays downgraded shares of InterContinental Hotels Group from an equal weight rating to an underweight rating in a report on Tuesday, June 18th. Royal Bank of Canada downgraded shares of InterContinental Hotels Group from a sector perform rating to an underperform rating in a report on Thursday, July 18th. Finally, Berenberg Bank downgraded shares of InterContinental Hotels Group from a buy rating to a hold rating in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. InterContinental Hotels Group has a consensus rating of Hold.
IHG stock opened at $62.41 on Tuesday. InterContinental Hotels Group has a twelve month low of $50.84 and a twelve month high of $71.02. The firm has a 50 day simple moving average of $63.87 and a 200-day simple moving average of $64.88.
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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