Jefferies Financial Group Reiterates Hold Rating for InterContinental Hotels Group (LON:IHG)

InterContinental Hotels Group (LON:IHG)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Financial Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 95 ($1.20) price target on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 99.07% from the company’s current price.

InterContinental Hotels Group Trading Down 4.6 %

InterContinental Hotels Group stock traded down GBX 489.50 ($6.18) during mid-day trading on Tuesday, hitting £102.06 ($128.76). 492,704 shares of the stock were exchanged, compared to its average volume of 2,894,004. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. InterContinental Hotels Group has a 12 month low of GBX 7,032 ($88.72) and a 12 month high of £109.75 ($138.47). The firm’s fifty day simple moving average is £100.49 and its two-hundred day simple moving average is GBX 8,939.85. The stock has a market capitalization of £20.46 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Company Profile

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.