Kepler Capital Sticks to Their Sell Rating for InterContinental Hotels (IHG)

In a report released on May 12, Julien Richer from Kepler Capital maintained a Sell rating on InterContinental Hotels, with a price target of $142.00. The company’s shares closed yesterday at $150.40.

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According to TipRanks, Richer is ranked #5149 out of 12188 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for InterContinental Hotels with a $152.11 average price target, a 1.14% upside from current levels. In a report released on May 11, Citi also maintained a Sell rating on the stock with a $127.00 price target.

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.