InterContinental Hotels Group PLC Receives Average Rating of “Hold” from Brokerages (LON:IHG)
InterContinental Hotels Group PLC (LON:IHG) has been given a consensus rating of “Hold” by the twenty-five brokerages that are covering the company, Analyst Ratings Net reports. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,123.32 ($36.14).
A number of research firms have recently commented on IHG. Analysts at Credit Suisse raised their price target on shares of InterContinental Hotels Group PLC from GBX 1,870 ($31.82) to GBX 1,900 ($32.33) in a research note on Tuesday. They now have an “underperform” rating on the stock. Separately, analysts at Bryan Garnier & Cie downgraded shares of InterContinental Hotels Group PLC to a “neutral” rating in a research note on Tuesday, June 17th. They now have a GBX 2,300 ($39.14) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, June 11th. They now have a GBX 2,200 ($37.44) price target on the stock.
InterContinental Hotels Group PLC (LON:IHG) traded up 0.38% during mid-day trading on Thursday, hitting GBX 2386.00. 257,271 shares of the company’s stock traded hands. InterContinental Hotels Group PLC has a 52 week low of GBX 1746.9999 and a 52 week high of GBX 2380.00. The stock has a 50-day moving average of GBX 2269. and a 200-day moving average of GBX 2039.. The company’s market cap is £6.155 billion.
The company also recently declared a dividend, which is scheduled for Monday, July 14th. Stockholders of record on Tuesday, July 1st will be given a dividend of GBX 174.90 ($2.98) per share. The ex-dividend date of this dividend is Tuesday, July 1st.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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