InterContinental Hotels Group PLC Rating Lowered to Underperform at Credit Suisse (IHG)
InterContinental Hotels Group PLC (NYSE:IHG) was downgraded by investment analysts at Credit Suisse from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on IHG. Analysts at Investec reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Tuesday. Separately, analysts at Numis Securities Ltd downgraded shares of InterContinental Hotels Group PLC to a “hold” rating in a research note on Tuesday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Friday, February 14th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $1,291.08.
InterContinental Hotels Group PLC (NYSE:IHG) traded down 3.05% during mid-day trading on Friday, hitting $32.08. The stock had a trading volume of 230,486 shares. InterContinental Hotels Group PLC has a 52-week low of $26.62 and a 52-week high of $34.08. The stock’s 50-day moving average is $32.85 and its 200-day moving average is $30.74. The company has a market cap of $8.405 billion and a P/E ratio of 23.75.
The company also recently announced a semiannual dividend, which is scheduled for Friday, May 9th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.47 per share. This represents a dividend yield of 2.84%. The ex-dividend date is Wednesday, March 19th.
InterContinental Hotels Group PLC (NYSE:IHG) is a global hotel company, operating nine brands internationally.
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