InterContinental Hotels Group PLC PT Raised to GBX 2,376 (IHG)
Research analysts at Nomura hoisted their price target on shares of InterContinental Hotels Group PLC (LON:IHG) from GBX 2,365 ($39.79) to GBX 2,376 ($39.98) in a report released on Friday. The firm currently has a “neutral” rating on the stock. Nomura’s target price would indicate a potential upside of 8.05% from the stock’s previous close.
InterContinental Hotels Group PLC (LON:IHG) traded down 1.70% during mid-day trading on Friday, hitting GBX 2199.00. 957,711 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 has a 50-day moving average of GBX 2446. and a 200-day moving average of GBX 2274.. The company’s market cap is £5.196 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 26th. Investors of record on Wednesday, August 20th will be paid a dividend of GBX 14.80 ($0.25) per share. This represents a dividend yield of 0.65%. The ex-dividend date is Wednesday, August 20th.
IHG has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. InterContinental Hotels Group PLC presently has an average rating of “Hold” and a consensus price target of GBX 2,172.53 ($36.56).
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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