InterContinental Hotels Group PLC Receives Consensus Recommendation of “Hold” from Brokerages (LON:IHG)
Shares of InterContinental Hotels Group PLC (LON:IHG) have received a consensus rating of “Hold” from the twenty-two brokerages that are covering the company, ARN reports. Three research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 2,172.53 ($36.56).
InterContinental Hotels Group PLC (LON:IHG) traded down 1.39% during mid-day trading on Friday, hitting GBX 2206.00. 448,999 shares of the company’s stock traded hands. InterContinental Hotels Group PLC has a 52 week low of GBX 1892.5831 and a 52 week high of GBX 2622.75. The stock has a 50-day moving average of GBX 2453.59 and a 200-day moving average of GBX 2275.06. The company’s market cap is £5.213 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.
IHG has been the subject of a number of recent research reports. Analysts at Nomura raised their price target on shares of InterContinental Hotels Group PLC from GBX 2,365 ($39.79) to GBX 2,376 ($39.98) in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of InterContinental Hotels Group PLC from GBX 1,900 ($31.97) to GBX 1,980 ($33.32) in a research note on Thursday. They now have an “underperform” rating on the stock. Finally, 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.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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