InterContinental Hotels Group PLC Rating Reiterated by BNP Paribas (IHG)
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “underperform” rating reaffirmed by BNP Paribas in a research note issued on Friday. They currently have a GBX 2,200 ($37.44) target price on the stock. BNP Paribas’ price target would suggest a potential downside of 8.22% from the company’s current price.
Shares of InterContinental Hotels Group PLC (LON:IHG) traded down 0.04% during mid-day trading on Friday, hitting GBX 2397.00. The stock had a trading volume of 5,762,299 shares. InterContinental Hotels Group PLC has a 52 week low of GBX 1746.9999 and a 52 week high of GBX 2417.00. The stock’s 50-day moving average is GBX 2280. and its 200-day moving average is GBX 2044.. The company’s market cap is £6.183 billion.
The company also recently announced a dividend, which is scheduled for Monday, July 14th. Investors of record on Tuesday, July 1st will be paid a dividend of GBX 174.90 ($2.98) per share. The ex-dividend date is Tuesday, July 1st.
Other equities research analysts have also recently issued reports about the stock. 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 Societe Generale downgraded shares of InterContinental Hotels Group PLC to a “hold” rating in a research note on Friday, May 30th. They now have a GBX 2,300 ($39.14) price target on the stock, up previously from GBX 2,200 ($37.44). Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 2,123.32 ($36.14).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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