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InterContinental Hotels Group PLC 22.7% Potential Decrease Indicated by JP Morgan Cazenove

InterContinental Hotels Group PLC using EPIC/TICKER code (LON:IHG) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at JP Morgan Cazenove. InterContinental Hotels Group PLC are listed in the Consumer Services sector within UK Main Market. JP Morgan Cazenove have set their target price at 3680 GBX on its stock. This now indicates the analyst believes there is a potential downside of -22.7% from the opening price of 4760 GBX. Over the last 30 and 90 trading days the company share price has increased 271 points and increased 652 points respectively. The 52 week high for the share price is currently at 4789 GBX while the 52 week low for the share price is 3642 GBX.

InterContinental Hotels Group PLC has a 50 day moving average of 4,500.77 GBX and the 200 Day Moving Average price is recorded at 4,280.13. There are currently 189,553,994 shares in issue with the average daily volume traded being 579,522. Market capitalisation for LON:IHG is £9,070,158,613 GBP.