InterContinental Hotels Group PLC (ADR) (IHG) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 48 from a previous price target of $45 . MKM Partners advised their investors in a research report released on Aug 8, 2016.
Many Wall Street Analysts have commented on InterContinental Hotels Group PLC (ADR). InterContinental Hotels Group PLC (ADR) was Downgraded by Goldman to ” Neutral” on Jun 22, 2016.
InterContinental Hotels Group PLC (ADR) opened for trading at $41.91 and hit $42.14 on the upside on Friday, eventually ending the session at $42.04, with a gain of 1.01% or 0.42 points. The heightened volatility saw the trading volume jump to 1,01,191 shares. Company has a market cap of $8,272 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.