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InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “neutral” rating reiterated by research analysts at Nomura in a report released on Wednesday. They currently have a GBX 2,237.08 ($38.10) price target on the stock. Nomura’s price objective indicates a potential downside of 7.39% from the stock’s previous close.

InterContinental Hotels Group PLC (LON:IHG) opened at 2421.00 on Wednesday. InterContinental Hotels Group PLC has a 52-week low of GBX 1892.5831 and a 52-week high of GBX 2618.417. The stock’s 50-day moving average is GBX 2288. and its 200-day moving average is GBX 2050.. The company’s market cap is £6.245 billion.

The company also recently declared a dividend, which is scheduled for Monday, July 14th. Shareholders 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.

IHG has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “underperform” rating on shares of InterContinental Hotels Group PLC in a research note on Friday, June 27th. They now have a GBX 2,200 ($37.47) price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of InterContinental Hotels Group PLC from GBX 1,870 ($31.85) to GBX 1,900 ($32.36) in a research note on Tuesday, June 24th. They now have an “underperform” rating on the stock. Finally, 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 ($39.18) price target on the stock. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 2,131.14 ($36.30).

InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.

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