HSBC upgrades Intercontinental Hotels to 'hold'
18th Jan 2017 09:01
(ShareCast News) - HSBC on Wednesday upgraded InterContinental Hotels to 'hold' from 'sell' and lifted the target price to 3,700p from 2,900p. With macro-economic indicators improving, HSBC said it is "more optimistic" about global revenue per available room (RevPAR) trends in key markets such as th
Read moreTuesday broker round-up
10th Jan 2017 13:25
(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with
Read moreTuesday broker round-up
3rd Jan 2017 10:54
(ShareCast News) - BP: UBS reiterates buy with a target price of 550p. InterContinental Hotels Group: Barclays upgrades to overweight, 4000p target. Debenhams: Deutsche Bank downgrades to sell with a 5200p target. Amerisur: Barclays reiterates equal weight with a 36p target. Next: Deutsche Bank d
Read moreInterContinental Hotels rallies on Barclays upgrade
3rd Jan 2017 08:00
(ShareCast News) - Barclays upgraded InterContinental Hotels Group to 'overweight' from 'equalweight' and upped the price target to 4,000p from 3,060p, saying the full-year results in February should be a positive catalyst. "We also consider IHG to be the best play in the sector on a potential rebou
Read moreDirector dealings: IHG boss's wife checks out, Curtis and Banks eye bargain
1st Nov 2016 16:13
(ShareCast News) - The wife of Intercontinental Hotels chief executive, Richard Solomons, has sold almost £1.2m worth of shares in the company despite the confident language employed by her husband in recent weeks. Karin Solomons sold 37,340 shares at a price of 3,156.69p, a drop in the ocean of the
Read moreInterContinental Hotels revenue growth hit by FX in Q3
21st Oct 2016 07:03
(ShareCast News) - FTSE 100 InterContinental Hotels Group's third quarter revenue increased with a strong performance seen in China, but was affected by the strength of the US dollar and volatility in foreign exchange markets. In a trading update, revenue per available room for the third quarter gre
Read moreFTSE 100 movers: ITV, Legal&General lead declines
3rd Oct 2016 17:15
(ShareCast News) - ITV shares were at the bottom of the pile after analysts at Barclays lowered their target price on the stock from 200.0 to 190.0p. Fashion retailers were also weak, tracking the 1.04% drop in the pound against the US dollar after the Prime Minister committed herself at the weekend
Read moreFriday broker round-up
30th Sep 2016 10:06
(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe
Read moreBroker tips: Lloyds, InterContinental Hotels, Hays
26th Sep 2016 16:58
(ShareCast News) - Goldman Sachs cut its stance on Lloyds Banking Group to 'sell' from 'neutral' and trimmed the price target 6% to 50p as it pointed to increased competition and low rates. GS pointed out that Lloyds saw a market decline in new business share in the first half of this year, which le
Read moreInterContinental Hotels slides on Morgan Stanley downgrade
26th Sep 2016 08:08
(ShareCast News) - Morgan Stanley downgraded InterContinental Hotels Group (IHG) to 'underweight' on Monday after the shares' recent outperformance and on concerns that the US hotel cycle is peaking. After rising 10% in the year to date, the price target was trimmed to 3,100p from 3,300p and saw a p
Read moreMonday broker round-up
19th Sep 2016 09:52
(ShareCast News) - Lloyds: Jefferies reiterates buy with a target price of 67p. Astrazeneca: UBS reiterates buy, 5480p target. Britvic: JP Morgan keeps at underweight with a 590p target. Unilever: UBS reiterates neutral with a 3380p target. IHG: HSBC starts coverage at reduce with a 2900p target.
Read moreFTSE 100 movers: house builders, miners sag as easyJet firms
19th Aug 2016 14:32
(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t
Read moreSunday newspaper round-up: Interest rates, EU single market, IHG, Poundland
7th Aug 2016 15:33
(ShareCast News) - Savers face five more years of record-low returns, with investors betting that the Bank of England will not undo last week's interest rate cut before the end of the decade. City traders expect Bank governor Mark Carney to slash borrowing costs again before the end of the year, the
Read moreIntercontinental Hotels hit by dollar but retains bullish outlook
2nd Aug 2016 07:04
(ShareCast News) - InterContinental Hotels earnings were hit by the strong US dollar in the first half of the year, but despite the recently lowered guidance from rivals Hilton and Marriott the Holiday Inn operator remains confident in the outlook for the rest of the year. Reported revenues of $838m
Read moreCapita bumps up forecast for 2016 dividends, mid-caps to take Brexit hit
18th Jul 2016 12:28
(ShareCast News) - The fall in sterling following Brexit would deliver an immediate boost to the value of companies' dividend payments but potential recessionary pressures would hit profits and dividends from UK-focused mid-caps hardest, Capita said in its second quarter 2016 Dividend Monitor. De
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