INTERCONTINENTAL HOTELS GROUP Common Stock -1.2% potential downside indicated by Berenberg Bank

INTERCONTINENTAL HOTELS GROUP Common Stock with ticker (LON:IHG) now has a potential downside of -1.2% according to Berenberg Bank.

IHG.L

Berenberg Bank set a target price of 7,400 GBX for the company, which when compared to the INTERCONTINENTAL HOTELS GROUP Common Stock share price of 7,492 GBX at opening today (06/09/2024) indicates a potential downside of -1.2%. Trading has ranged between 5,636 (52 week low) and 8,790 (52 week high) with an average of 342,785 shares exchanging hands daily. The market capitalisation at the time of writing is £12,043,670,428.

InterContinental Hotels Group PLC is a United Kingdom-based global hospitality company. The Company has a diverse portfolio of differentiated brands. With 19 hotel brands and IHG One Rewards, which is a hotel loyalty programs, the Company has approximately 6,300 open hotels in more than 100 countries, and a development pipeline of over 2,000 properties. The Company’s brands include Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels, Holiday Inn Express, Holiday Inn Hotels & Resorts, Garner hotels, avid hotels, Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites, and Iberostar Beachfront Resorts. The Company operates over 6,363 open hotels in more than 100 countries.