MKM Partners Reiterates Rating for InterContinental Hotels Group PLC (IHG)
InterContinental Hotels Group PLC (NYSE:IHG)‘s stock had its “” rating reissued by investment analysts at MKM Partners in a note issued to investors on Tuesday. They currently have a $41.00 target price on the stock, up from their previous target price of $40.00. MKM Partners’ target price indicates a potential upside of 7.92% from the stock’s previous close.
InterContinental Hotels Group PLC (NYSE:IHG) opened at 37.99 on Tuesday. InterContinental Hotels Group PLC has a 52 week low of $29.5883 and a 52 week high of $45.1788. The stock has a 50-day moving average of $40.59 and a 200-day moving average of $38.38. The company has a market cap of $8.977 billion and a price-to-earnings ratio of 34.04.
The company also recently declared a special dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, August 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 20th.
A number of other analysts have also recently weighed in on IHG. Analysts at Panmure Gordon reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Friday, August 8th. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Friday, August 8th. Finally, analysts at SunTrust raised their price target on shares of InterContinental Hotels Group PLC from $3.00 to $36.00 in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $38.50.
InterContinental Hotels Group PLC (NYSE:IHG) is a global hotel company, operating nine brands internationally.
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