InterContinental Hotels Group (LON:IHG) Given “Underweight” Rating at JPMorgan Chase & Co.

InterContinental Hotels Group (LON:IHG)‘s stock had its “underweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 7,800 ($98.15) price target on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 21.77% from the company’s current price.

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 95 ($1.20) price objective on shares of InterContinental Hotels Group in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of “Hold” and a consensus target price of GBX 5,898.75 ($74.23).

InterContinental Hotels Group Price Performance

Shares of LON:IHG traded down GBX 129.13 ($1.62) on Thursday, reaching GBX 9,970.87 ($125.47). 864,058 shares of the company traded hands, compared to its average volume of 2,771,088. The company’s 50 day moving average is £100.61 and its 200-day moving average is GBX 8,956.50. The stock has a market capitalization of £19.99 billion, a PE ratio of 32.73, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. InterContinental Hotels Group has a fifty-two week low of GBX 7,032 ($88.49) and a fifty-two week high of £109.75 ($138.10).

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.