InterContinental Hotels Group PLC (ADR) (IHG) was Downgraded by JP Morgan to ” Underweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on InterContinental Hotels Group PLC (ADR). InterContinental Hotels Group PLC (ADR) was Initiated by Credit Agricole to “Underperform” on Apr 12, 2016. InterContinental Hotels Group PLC (ADR) was Downgraded by Citigroup to ” Sell” on Mar 7, 2016. Shares were Reiterated by Telsey Advisory Group on Feb 24, 2016 to “Market Perform” and Lowered the Price Target to $ 35 from a previous price target of $36 .
InterContinental Hotels Group PLC (ADR) opened for trading at $40.88 and hit $41.2 on the upside on Monday, eventually ending the session at $40.85, with a gain of 1.26% or 0.51 points. The heightened volatility saw the trading volume jump to 1,40,551 shares. Company has a market cap of $9,645 M.
InterContinental Hotels Group PLC is a hotel company. The Company franchises leases manages or owns over 4800 hotels and approximately 710000 guest rooms in nearly 100 countries. The Companys portfolio of hotel brands include InterContinental Hotels & Resorts HUALUXE Hotels and Resorts Crowne Plaza Hotels & Resorts Hotel Indigo EVEN Hotels Holiday Inn Holiday Inn Express Staybridge Suites Candlewood Suites and Kimpton Hotels & Restaurant. The Company operates through four geographical regions: Americas Europe Asia Middle East and Africa and Greater China.