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Home / Stocks and Markets at Lows / InterContinental Hotels PLC (IHG.L) 02-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

InterContinental Hotels PLC (IHG.L) 02-03-20

Shares in InterContinental Hotels PLC (IHG.L) have fallen dramatically from recent highs of 5738p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 4281.5p (at time of writing). A return to previous highs would represent a rise of 34%.
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Shares -25% from 12-month highs; +0% from 12 month lows.

Latest News

26 Feb:  JP Morgan Cazenove reiterates its underweight rating on InterContinental Hotels Group (IHG) and reduced the target price to 4600p (from 4700p).

21 Feb:  Keith Barr, Chief Executive Officer, has transferred in 13,748 shares within the firm on the 19th February 2020. This Director currently has 37,604 shares.

21 Feb:  Paul Edgecliffe-Johnson, Executive Director, has transferred in 10,740 shares within the firm on the 19th February 2020. This Director currently has 167,003 shares.

21 Feb:  Elie Maalouf, Executive Director, has transferred in 13,850 shares within the firm on the 19th February 2020. This Director currently has 37,056 shares.

21 Feb:  Goldman Sachs reiterates its neutral rating on InterContinental Hotels Group (IHG) and increased the target price to 5600p (from 5550p).

20 Feb:  Societe Generale reiterates its hold rating on InterContinental Hotels Group (IHG) and reduced the target price to 5300p (from 5500p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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