Citi Reaffirms Their Sell Rating on InterContinental Hotels (IHG)

Citi analyst Leo Carrington maintained a Sell rating on InterContinental Hotels today and set a price target of $127.00.

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According to TipRanks, Carrington is an analyst with an average return of -0.5% and a 45.97% success rate. Carrington covers the Consumer Cyclical sector, focusing on stocks such as La Francaise des Jeux SA, InterContinental Hotels, and Intercontinental Hotels Group.

In addition to Citi, InterContinental Hotels also received a Sell from Kepler Capital ‘s Julien Richer in a report issued on May 7. However, on May 8, Barclays assigned a Buy rating to InterContinental Hotels (LSE: IHG).

Based on InterContinental Hotels’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.67 billion and a net profit of $291 million. In comparison, last year the company earned a revenue of $2.08 billion and had a net profit of $224.6 million

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IHG in relation to earlier this year.