InterContinental Hotels Group (IHG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

7,932.00p
   
  • Change Today:
    110.00p
  • 52 Week High: 8,752.00
  • 52 Week Low: 5,210.00
  • Currency: UK Pounds
  • Shares Issued: 162.46m
  • Volume: 174,121
  • Market Cap: £12,886m
  • RiskGrade: 171

Berenberg upgrades IHG to 'buy'

By Iain Gilbert

Date: Tuesday 26 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg upgraded Holiday Inn owner Intercontinental Hotels Group from 'hold' to 'buy' on Friday following a better-than-expected first-half performance.
Berenberg stated that IHG's strong first-half showing and the appearance of "supportive" recovery trends meant the company was now "well positioned" to beat current consensus expectations in 2021.

"The first half of 2021 saw IHG come in well ahead of consensus and beat our above-consensus expectations for underlying operating profit. While consensus has raised expectations for the full year, we believe that with recent recovery trends, particularly in the Americas and Greater China, IHG will deliver a better-than-expected full-year result," said the analysts.

The German bank also said its analysis concluded that concerns over IHG's future net unit growth were "misplaced" and highlighted that it believes the group can return to room growth of "at least 4%" moving forward.

"When we combine these factors with a valuation that looks compelling, we move our recommendation from 'hold' to 'buy' and increase our price target to 5,400.0p from 4,500.0p," said Berenberg.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Intercontintental Hotels Market Data

Currency UK Pounds
Share Price 7,932.00p
Change Today 110.00p
% Change 1.41 %
52 Week High 8,752.00
52 Week Low 5,210.00
Volume 174,121
Shares Issued 162.46m
Market Cap £12,886m
RiskGrade 171

Intercontintental Hotels Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.27% below the market average91.27% below the market average91.27% below the market average91.27% below the market average91.27% below the market average
92.16% below the sector average92.16% below the sector average92.16% below the sector average92.16% below the sector average92.16% below the sector average
Price Trend
89.69% above the market average89.69% above the market average89.69% above the market average89.69% above the market average89.69% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
85.62% below the market average85.62% below the market average85.62% below the market average85.62% below the market average85.62% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
85.71% above the market average85.71% above the market average85.71% above the market average85.71% above the market average85.71% above the market average
9.43% above the sector average9.43% above the sector average9.43% above the sector average9.43% above the sector average9.43% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 8
Sell 5
Strong Sell 3
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Intercontintental Hotels Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 31-Aug-23
Paid 14-May-24 05-Oct-23
Amount 104.00¢ 48.30¢

Trades for 20-May-2024

Time Volume / Share Price
15:01 78 @ 7,932.00p
15:01 47 @ 7,932.00p
15:01 8 @ 7,932.00p
15:01 49 @ 7,932.00p
15:01 54 @ 7,934.00p

Intercontintental Hotels Key Personnel

CEO Elie Maalouf
CFO Michael Glover

Top of Page