Intercontinental Hotels Share Discussion Threads

[irenekent] 19/1/2024 08:28

Nudged £74 on opening this morning. Somewhat above £58.68. Someone obviously thinks they are worth buying, but still no info on why.

[robinnicolson] 13/12/2023 18:47

Bid speculation according to The Times. The consensus price target is £58.68.

[dekkered] 08/12/2023 16:18

I agree irenekent, I was hoping for some information as to why they have rocketed, especially the last 30 days. Anyone any ideas as to what the consensus price is?

[irenekent] 07/12/2023 08:06

With these having risen by roughly 37% since last December there seems to be very little interest this company by ADVFN subscribers. I continue to hold.

[volsung] 18/9/2023 09:04

Seems a nice time to buy
So I did

[irenekent] 15/9/2023 09:10

We've gone from under £40 last October to over £63 this morning. Nearly 60% up. Who says elephants don't gallop. They just do it slower than some.

[irenekent] 10/8/2023 08:08

Once again the price hits an all-time high at open today of over £60. Shows how wrong people can be!

[irenekent] 21/2/2023 08:10

When the last post was submitted the shares were about £45. At opening today they were £54.75. Shows how wrong people can be!

[clocktower] 21/10/2022 14:12

How long before they issue lower broker downgrades as recession bites home and inflation hits profits?

[clocktower] 21/9/2022 16:49

Even with the transactions in own shares it's sinking as the facts surrounding the possible deep recession hits home with investors that will themselves in many cases start to struggle to pay for holidays and businesses will need to reduce business trips etc.

[philanderer] 17/9/2022 00:15

Intercontinental Hotels Group, the owner of Holiday Inn and Crowne Plaza chains, was also hit with a broker downgrade. Citigroup lowered the stock's rating to 'sell' from 'neutral', and cut the target price to 4450p from 5000p. It fell 4.7 per cent, or 229p, to 4670p.

[philanderer] 16/9/2022 13:46

Plenty more to play for at IHG, says Berenberg


Berenberg believes InterContinental Hotels Group (IHG) shares should start to rise this year as strong earnings come through.

Analyst Stuart Gordon retained his ‘buy’ recommendation and increased the target price from £57 to £65 on the hotel group, which closed up 1.8% at £48.99 on Thursday.

‘We believe that IHG is in the midst of an earnings upgrade cycle, that we still believe has more to run,’ he said.

‘We believe that this will drive the shares higher in the coming months.’

Gordon is 7% ahead of consensus on underlying operating profit estimates for this year, rising to 12% next year.

‘In addition, we do not consider that the shares have appropriately reflected the recent strengthening of the dollar. The upgrade in our price target reflects our earnings upgrades and the currency shift,’ he said.

CITYWIRE.COM

[clocktower] 05/9/2022 16:31

Zorila - I think not but the impact that COVID and this energy war is just the start of it I believe. We already have started to enter into a sort of trade war with China, and I question if COVID was the first strike from China, which was the ignition key to the whole world re-structure.

The impact will be far reaching by this time next year imo.

What percentage of energy can you personally save?

DYOR

[zorija] 05/9/2022 08:43

Clocktower, I was using those figures as a benchmark. Just like running a home these costs will become a significant cost to the business.

Maybe sub £4 is a tad harsh...

[clocktower] 05/9/2022 07:34

Zorija, that might currently be correct but that is changing, as most can see by their own energy costs. Commercial establishments are going to have to deal with much higher laundry costs, big wage increases not to overlook maintenance and replacement costs from everything from light bulbs to crockery.

The hit will only be seen when contracts have to be renewed and if occupancy drops due to people and companies pulling in their own spending, will the dominos start to topple imo.

Target sub £4. The trend seems to be set already looking at the charts.

[zorija] 01/9/2022 13:50

Energy consumption represents between 3 percent and 6 percent of hotel operating costs
according to a quick google search....

[clocktower] 01/9/2022 13:44

With the world wide increase in energy costs and food, how long will it be before many hotels become unaffordable for business travelers?

This is now a worse situation than covid imo.

[gswredland] 13/6/2022 16:43

Yes me too Phil

[philanderer] 13/6/2022 10:48

Back on the watchlist.

[the white house] 30/5/2022 09:39

Added, decent china Covid 3 month low & Shanghai reopening Wedshuge player internally and abroad

[the white house] 04/11/2021 16:25

Underperform call holding up well then...Caesars occupancy of 86pc midweek and 97 at weekends a nice nugget to confirm that filling rooms and potential rack rate rises along the way is looking bullish

[stutes] 12/7/2021 09:44

On a website search I note IHG is offering £1k joining sum of money for new recruits; makes me wonder if service sector has, through its treatment of staff during covid19, deterred people from joining the industry?

[stutes] 29/6/2021 09:58

The experts talked of rotation into cyclical shares and now they are backing away claiming delta variant has affected lifting of lockdown restrictions However, Health Secretary wants July to be the month all restrictions are lifted.

IHG is in the middle of it all. The August update will show the fallout from delta variant but will the City relate the shares if occupancy rate and revenue beat estimates?

[philanderer] 07/4/2021 10:08

JEFFERIES RAISES INTERCONTINENTAL HOTELS TARGET TO 3,750 (3,550) PENCE - 'UNDERPERFORM'