InterContinental Hotels Group PLC (NYSE: IHG) is -13.77% lower on its value in year-to-date trading and has touched a low of $51.28 and a high of $73.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IHG stock was last observed hovering at around $54.83 in the last trading session, with the day’s gains setting it 1.4% off its average median price target of $70.10 for the next 12 months. It is also 25.95% off the consensus price target high of $75.94 offered by 19 analysts, but current levels are -11.02% lower than the price target low of $50.65 for the same period.
Currently trading at $56.23, the stock is 4.29% and -3.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 2.55% at the moment leaves the stock -13.11% off its SMA200. IHG registered -12.41% loss for a year compared to 6-month loss of -17.64%. The firm has a 50-day simple moving average (SMA 50) of $57.95 and a 200-day simple moving average (SMA200) of $64.67.
The stock witnessed a 5.40% gain in the last 1 month and extending the period to 3 months gives it a -15.70%, and is 3.36% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.22% over the week and 2.45% over the month.
InterContinental Hotels Group PLC (IHG) has around 11161 employees, a market worth around $9.95B and $2.91B in sales. Current P/E ratio is 38.89. Profit margin for the company is 9.20%. Distance from 52-week low is 9.66% and -23.39% from its 52-week high. The company has generated returns on investments over the last 12 months (22.30%).
InterContinental Hotels Group PLC (IHG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for InterContinental Hotels Group PLC (IHG) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 3.00, where 7 rate it as a Hold and 3 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 201.20% this year.
InterContinental Hotels Group PLC (IHG) Top Institutional Holders
The shares outstanding are 183.00M, and float is at 176.35M with Short Float at 0.25%.