Intercontinental Hotels Group (IHG) Posts Quarterly Earnings Results, Meets Estimates

Solenn Plantier
Août 9, 2017

Beaufort Securities restated a "buy" rating on shares of InterContinental Hotels Group PLC in a research note on Monday, May 8th. Liberum Capital began coverage on InterContinental Hotels Group PLC in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Finally, Credit Suisse Group lowered shares of InterContinental Hotels Group PLC to a neutral rating and boosted their price target for the stock from GBX 4,500 ($59.36) to GBX 4,600 ($60.68) in a research report on Monday, June 19th. BidaskClub cut Intercontinental Hotels Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, June 13th. The company has a 50-day moving average price of $55.95 and a 200-day moving average price of $52.84. InterContinental Hotels Group PLC has a 12-month low of GBX 2,855.00 and a 12-month high of GBX 4,492.00. The company's market cap is GBX 8.20 billion.

InterContinental Hotels Group PLC (LON:IHG) opened at 4355.00 on Wednesday. If you are reading this piece on another website, it was stolen and republished in violation of U.S. & global trademark & copyright laws. The correct version of this piece can be viewed at

Several large investors have recently bought and sold shares of the stock.

Reuters meanwhile quoted Steve Clayton, who manages HL Select UK Growth Shares fund which holds InterContinental shares worth £10.4 million, as expressing confidence in the FTSE 100 company's prospects. Jane Street Group LLC acquired a new stake in shares of Intercontinental Hotels Group during the first quarter worth approximately $21,249,000. Dubuque Bank & Trust Co. purchased a new position in shares of Intercontinental Hotels Group during the first quarter worth $1,366,000. CIBC World Markets Inc. increased its stake in Intercontinental Hotels Group by 20.1% in the first quarter. The company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84, MarketWatch Earnings reports. However, the group also said that growth in revenue per available room, or revPAR, a key industry metric, slowed to 1.5% from 2.5% over the same period past year and 2.7% in the first quarter.

Intercontinental Hotels Group (NYSE IHG) traded down 3.796% on Tuesday, reaching $54.875.

Owner of Holiday Inn, Crowne Plaza and Hotel Indigo brands reported 4% rise in revenues and 7% rise in operating profits.

Geographically, Revenue per available room was up 1.1% in the Americas, 6.2% in Europe, 1.4% in Asia, the Middle East & Africa, and 4.1% in Greater China.

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