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Equities research analysts at Credit Suisse upped their target price on shares of InterContinental Hotels Group PLC (LON:IHG) from GBX 1,900 ($31.97) to GBX 1,980 ($33.32) in a research note issued to investors on Thursday. The firm currently has an “underperform” rating on the stock. Credit Suisse’s target price would indicate a potential downside of 13.08% from the stock’s previous close.

Shares of InterContinental Hotels Group PLC (LON:IHG) traded down 1.80% during mid-day trading on Thursday, hitting GBX 2237.00. The stock had a trading volume of 976,205 shares. InterContinental Hotels Group PLC has a 52 week low of GBX 1892.5831 and a 52 week high of GBX 2622.75. The stock’s 50-day moving average is GBX 2453.59 and its 200-day moving average is GBX 2275.06. The company’s market cap is £5.725 billion.

The company also recently declared a dividend, which is scheduled for Friday, September 26th. Investors of record on Wednesday, August 20th will be given a dividend of GBX 14.80 ($0.25) per share. This represents a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, August 20th.

A number of other firms have also recently commented on IHG. 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. Separately, 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. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 2,172.03 ($36.55).

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

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