Numis Securities Ltd Reiterates Hold Rating for InterContinental Hotels Group PLC (IHG)
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “hold” rating restated by Numis Securities Ltd in a research note issued on Friday. They currently have a GBX 2,400 ($40.26) price target on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 7.10% from the stock’s previous close.
IHG has been the subject of a number of other recent research reports. 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, August 8th. 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 JPMorgan Chase & Co. reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 5th. They now have a GBX 2,200 ($36.91) price target on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 2,170.51 ($36.41).
InterContinental Hotels Group PLC (LON:IHG) traded up 0.40% during mid-day trading on Friday, hitting GBX 2250.00. 569,952 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’s 50-day moving average is GBX 2415. and its 200-day moving average is GBX 2276.. The company’s market cap is £5.317 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 26th. Shareholders 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.
InterContinental Hotels Group PLC (LON:IHG) is a global hotel company, operating nine brands internationally.
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