InterContinental Hotels Group PLC Given Consensus Rating of “Hold” by Analysts (LON:IHG)
InterContinental Hotels Group PLC (LON:IHG) has been given a consensus rating of “Hold” by the twenty-two analysts that are presently covering the company, AmericanBankingNews.com reports. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 2,172.53 ($36.45).
InterContinental Hotels Group PLC (LON:IHG) opened at 2229.00 on Friday. InterContinental Hotels Group PLC has a 1-year low of GBX 1892.5831 and a 1-year high of GBX 2622.75. The stock’s 50-day moving average is GBX 2438.58 and its 200-day moving average is GBX 2276.. The company’s market cap is £5.267 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.
A number of analysts have recently weighed in on IHG shares. Analysts at Nomura raised their price target on shares of InterContinental Hotels Group PLC from GBX 2,365 ($39.67) to GBX 2,376 ($39.86) 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 ($31.87) to GBX 1,980 ($33.22) in a research note on Thursday, August 7th. 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, August 5th. They now have a GBX 2,400 ($40.26) price target on the stock.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.