JPMorgan Issues an Upgrade on Intercontinental Hotels Group (IHG) Shares. What’s Next?

June 15, 2018 - By Winifred Garcia

InterContinental Hotels Group PLC (NYSE:IHG) Logo

Intercontinental Hotels Group (IHG) Stock Upgrade

Intercontinental Hotels Group (IHG)‘s stock was raised to a solid “Neutral” by equity analysts at JPMorgan. IHG’s past “Underweight” rating is has been discontinued by the brokerage firm.

The stock decreased 0.20% or $0.13 during the last trading session, reaching $66.42. About 61,096 shares traded. InterContinental Hotels Group PLC (IHG) has risen 16.02% since June 15, 2017 and is uptrending. It has outperformed by 3.45% the S&P500.

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels. The company has market cap of $12.39 billion. It operates hotels, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Crowne Plaza, Holiday Inn Club Vacations, Holiday Inn Resort, and Candlewood Suites Hotels brand names. It has a 21.76 P/E ratio. The firm also manages IHG Rewards Club, a hotel loyalty program.

More news for InterContinental Hotels Group PLC (NYSE:IHG) were recently published by: Prnewswire.com, which released: “Summer’s A Treat At Holiday Inn® With Chocolate Milk Happy Hour” on June 13, 2018. Prnewswire.com‘s article titled: “InterContinental® Hotels & Resorts Launches A Curated Audible Book Collection, Inspired By The InterContinental Life” and published on May 24, 2018 is yet another important article.

InterContinental Hotels Group PLC (NYSE:IHG) Ratings Chart

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