InterContinental Hotels Group PLC Given Average Rating of “Hold” by Brokerages (NYSE:IHG)
Shares of InterContinental Hotels Group PLC (NYSE:IHG) have received an average rating of “Hold” from the fourteen brokerages that are presently covering the stock, Stock Ratings News reports. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $38.50.
InterContinental Hotels Group PLC (NYSE:IHG) traded up 1.40% on Wednesday, hitting $38.47. 11,800 shares of the company’s stock traded hands. InterContinental Hotels Group PLC has a 1-year low of $30.4442 and a 1-year high of $45.1788. The stock’s 50-day moving average is $39.39 and its 200-day moving average is $38.64. The company has a market cap of $9.091 billion and a price-to-earnings ratio of 34.00.
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 research firms have recently commented on IHG. Analysts at MKM Partners reiterated a “” rating on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 19th. They now have a $41.00 price target on the stock, up previously from $40.00. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Friday, August 8th. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Friday, August 8th.
InterContinental Hotels Group PLC (NYSE:IHG) is a global hotel company, operating nine brands internationally.
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