INTERCONTINENTAL HOTELS GROUP Common Stock -12.5% potential downside indicated by Berenberg Bank

INTERCONTINENTAL HOTELS GROUP Common Stock with ticker (LON:IHG) now has a potential downside of -12.5% according to Berenberg Bank.



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 8,458 GBX at opening today (01/03/2024) indicates a potential downside of -12.5%. Trading has ranged between 5,086 (52 week low) and 8,790 (52 week high) with an average of 376,571 shares exchanging hands daily. The market capitalisation at the time of writing is £13,848,067,320.

InterContinental Hotels Group PLC is a United Kingdom-based global hospitality company. The Company franchises its brands and manages its hotels on behalf of third-party hotel owners. The Company’s segments include Americas; Europe, Middle East Asia, and Africa (EMEAA), Greater China, and Central Functions. The Americas segment has more than 4356 (515496 rooms) hotels. The EMEAA Segment has more than 1169 (229664 rooms) hotels. The Greater China segment has more than 639 (166467 rooms) hotels. It operates a portfolio of hotel brands, including InterContinental, Kimpton, Hotel Indigo, HUALUXE, Crowne Plaza, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites and other. Its composition of rooms includes franchised; managed; and owned, leased, and managed leases. IHG One Rewards is its loyalty program. The Company operates over 6,000 open hotels in more than 100 countries, and a further 1,800 hotels in its development pipeline.