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Berenberg Bank Keeps Their Buy Rating on Intercontinental Hotels Group (IHG)

Tipranks - Tipranks - Tue Mar 3, 1:08AM CST

Berenberg Bank analyst Jack Cummings maintained a Buy rating on Intercontinental Hotels Group on February 27 and set a price target of $157.00. The company’s shares closed last Friday at $139.04.

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Cummings covers the Consumer Cyclical sector, focusing on stocks such as Intercontinental Hotels Group, Entain plc, and Whitbread. According to TipRanks, Cummings has an average return of -5.5% and a 41.52% success rate on recommended stocks.

In addition to Berenberg Bank, Intercontinental Hotels Group also received a Buy from TipRanks – OpenAI’s OpenAI Travel Lodging in a report issued on February 19. However, on February 25, Morgan Stanley maintained a Hold rating on Intercontinental Hotels Group (NYSE: IHG).

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Based on Intercontinental Hotels Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.67 billion and a net profit of $289 million. In comparison, last year the company earned a revenue of $2.6 billion and had a net profit of $281 million

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