# INTERCONTINENTAL HOTELS GROUP Common Stock -10.2% potential downside indicated by Berenberg Bank

- Link: https://www.directorstalkinterviews.com/intercontinental-hotels-group-common-stock-10.2-potential-downside-indicated-by-berenberg-bank/4121147445
- Published: 2024-03-14T12:20:28+00:00
- Author: Charlotte Edwards

**INTERCONTINENTAL HOTELS GROUP Common Stock** with ticker (LON:IHG) now has a potential
downside of -10.2% 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 8,238 GBX at opening today (14/03/2024) indicates
a potential downside of -10.2%. Trading has ranged between 5,086 (52 week low) and
8,790 (52 week high) with an average of 397,039 shares exchanging hands daily. The
market capitalisation at the time of writing is £13,333,701,600.[InterContinental Hotels Group PLC](https://www.directorstalkinterviews.com/ftse-company/intercontinental-hotels-group/ihg.l)
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.

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