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Prices & Quotes - UK Markets - InterContinental Hotels Group (IHG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 5,116.00p
Change Today:
72.00p
Market Cap:
9,373m
Sector:
Travel & Leisure

JP Morgan backs Whitbread, downgrades InterContinental

By Abigail Townsend

Date: Thursday 04 Mar 2021

LONDON (ShareCast) - (Sharecast News) - JP Morgan Cazenove has upgraded Whitbread and downgraded InterContinental Hotels Group following a review of European hoteliers.
The bank said it had cut Holiday Inn-operator IHG to ''underweight' from 'neutral', while Whitbread - the owner of Premier Inn - has been upgraded to 'overweight' from 'neutral'. Both companies have the same price target of 4,000.0p.

Estelle Weingrod, analyst, said: "We believe that Whitbread should continue to perform better than peers, being the more likely candidate to gain market share post pandemic - hence underpinning a premium to historical multiples, unlike peers - while being the least concerned about potential structural headwinds faced by the industry.

"On the other hand, we think IHG shares have gone too far, at the upper end of where European hotels have traded historically, and see the risk-reward skewed to the downside: less appealing equity story in the context of recovery, growth prospects more appealing at US peers."

Revenue assumptions for the 2022 full-year have remained broadly unchanged across the board, although margin assumptions have been "tweaked": downwards at IHG and upwards at Whitbread. Both are below pre-Covid-19 levels.

The bank has kept its rating on France's Accor at 'neutral'.

As at 1145 GMT, shares in Whitbread were down nearly 1% at 3,575.0p, and nearly 3% at IHG, at 5,002.0p.

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

 

IHG Market Data

Currency UK Pounds
Price 5,116.00p
Change Today 72.00p
52 Week High 5,312.00p
52 Week Low 3,152.00p
Volume 376,150
Shares Issued 183.22m
Market Cap 9,373m
Beta 0.03

Performance Indicators

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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 10
Sell 4
Strong Sell 6
Total 23
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IHG Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 29-Aug-19
Paid n/a 03-Oct-19
Amount 0.000p 32.00p

Trades for 07-May-2021

Time Volume / Share Price
16:39 1,000 @ 5,116.00p
16:39 1,000 @ 5,116.00p
16:39 1,000 @ 5,116.00p
16:35 160,035 @ 5,116.00p
16:29 57 @ 5,102.00p

IHG Key Personnel

CFO Paul Edgecliffe-Johnson
CEO Keith Barr