InterContinental Hotels Group PLC Stock Rating Upgraded by Numis Securities Ltd (IHG)
InterContinental Hotels Group PLC (LON:IHG) was upgraded by equities research analysts at Numis Securities Ltd to a “buy” rating in a research note issued to investors on Thursday, Analyst Ratings Net reports. The firm currently has a GBX 2,400 ($40.22) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 22.08% from the stock’s previous close.
InterContinental Hotels Group PLC (LON:IHG) opened at 1962.9999 on Thursday. InterContinental Hotels Group PLC has a one year low of GBX 1729.9999 and a one year high of GBX 2053.00. The stock’s 50-day moving average is GBX 1989. and its 200-day moving average is GBX 1903.. The company’s market cap is £5.222 billion.
The company also recently declared a dividend, which is scheduled for Friday, May 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of GBX 28.10 ($0.47) per share. This represents a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, March 19th.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Thursday. They now have a GBX 1,880 ($31.51) price target on the stock. Separately, analysts at Berenberg Bank cut their price target on shares of InterContinental Hotels Group PLC from GBX 1,930 ($32.34) to GBX 1,900 ($31.84) in a research note on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday. They now have a GBX 2,030 ($34.02) price target on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,090.96 ($35.04).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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