InterContinental Hotels Group PLC Declares Dividend of GBX 14.80 (IHG)
InterContinental Hotels Group PLC (LON:IHG) announced a dividend on Tuesday, August 5th, AnalystRatingsNetwork.com reports. Stockholders of record on Wednesday, August 20th will be paid a dividend of GBX 14.80 ($0.25) per share on Friday, September 26th. This represents a dividend yield of 0.65%. The ex-dividend date is Wednesday, August 20th. The official announcement can be seen at this link.
IHG has been the subject of a number of recent research reports. Analysts at Numis Securities Ltd downgraded shares of InterContinental Hotels Group PLC to a “hold” rating in a research note on Tuesday. They now have a GBX 2,400 ($40.38) price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Tuesday. They now have a GBX 2,200 ($37.02) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Tuesday. They now have a GBX 1,920 ($32.31) price target on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. InterContinental Hotels Group PLC has an average rating of “Hold” and an average target price of GBX 2,168.39 ($36.49).
InterContinental Hotels Group PLC (LON:IHG) traded down 3.26% on Tuesday, hitting GBX 2288.00. 1,205,934 shares of the company’s stock traded hands. InterContinental Hotels Group PLC has a 52 week low of GBX 1892.58 and a 52 week high of GBX 2622.75. The stock’s 50-day moving average is GBX 2464.92 and its 200-day moving average is GBX 2274.. The company’s market cap is £5.448 billion.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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