InterContinental Hotels Group PLC Given Neutral Rating at Nomura (IHG)
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “neutral” rating reaffirmed by analysts at Nomura in a research report issued to clients and investors on Thursday, American Banking & Market News reports. They currently have a GBX 1,880 ($31.51) price target on the stock. Nomura’s target price suggests a potential downside of 2.34% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Citigroup Inc. cut their price target on shares of InterContinental Hotels Group PLC from GBX 2,370 ($39.72) to GBX 2,350 ($39.38) in a research note on Wednesday. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. InterContinental Hotels Group PLC presently has an average rating of “Hold” and a consensus price target of GBX 2,083.57 ($34.92).
Shares of InterContinental Hotels Group PLC (LON:IHG) traded down 2.53% during mid-day trading on Thursday, hitting GBX 1925.00. 1,950,798 shares of the company’s stock traded hands. InterContinental Hotels Group PLC has a one year low of GBX 1730.00 and a one year high of GBX 2053.00. The stock’s 50-day moving average is GBX 1986.43 and its 200-day moving average is GBX 1904.43. The company’s market cap is £5.043 billion.
The company also recently announced a dividend, which is scheduled for Friday, May 9th. Shareholders of record on Wednesday, March 19th will be paid a dividend of GBX 28.10 ($0.47) per share. This represents a dividend yield of 1.41%. The ex-dividend date is Wednesday, March 19th.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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