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Barclays Sticks to Their Buy Rating for InterContinental Hotels (IHG)

Tipranks - Tipranks - Thu Mar 12, 2:42AM CDT

Barclays analyst Jaina Mistry maintained a Buy rating on InterContinental Hotels today and set a price target of $156.00.

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According to TipRanks, Mistry is ranked #1984 out of 12075 analysts.

In addition to Barclays, InterContinental Hotels also received a Buy from TipRanks – Google’s Google Consumer Cyclical GB in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on InterContinental Hotels (LSE: IHG).

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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 26 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.

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