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Barclays Sticks to Its Buy Rating for Intercontinental Hotels Group (IHG)

Tipranks - Tipranks - Fri Feb 13, 9:54AM CST

Barclays analyst Pravin Gondhale maintained a Buy rating on Intercontinental Hotels Group yesterday and set a price target of $155.00.

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Gondhale covers the Consumer Cyclical sector, focusing on stocks such as InterContinental Hotels, Compass, and Whitbread. According to TipRanks, Gondhale has an average return of -0.9% and a 47.46% success rate on recommended stocks.

Intercontinental Hotels Group has an analyst consensus of Strong Buy, with a price target consensus of $152.60.

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Based on Intercontinental Hotels Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.54 billion and a net profit of $473.03 million. In comparison, last year the company earned a revenue of $2.32 billion and had a net profit of $347 million

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