InterContinental Hotels Group PLC (LON:IHG) Given Consensus Rating of “Hold” by Brokerages

InterContinental Hotels Group PLC (LON:IHG) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 6,415 ($81.19).

Several research analysts have recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,400 ($81.00) target price on shares of InterContinental Hotels Group in a report on Tuesday, February 20th. Citigroup reaffirmed a “sell” rating on shares of InterContinental Hotels Group in a research note on Thursday, February 22nd. Berenberg Bank upped their price target on InterContinental Hotels Group from GBX 6,000 ($75.94) to GBX 7,400 ($93.66) and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their price objective on InterContinental Hotels Group from GBX 5,400 ($68.35) to GBX 6,100 ($77.21) and gave the company an “underweight” rating in a research report on Tuesday, February 27th.

InterContinental Hotels Group Stock Down 1.3 %

InterContinental Hotels Group stock opened at GBX 7,862 ($99.51) on Wednesday. InterContinental Hotels Group has a twelve month low of GBX 5,178 ($65.54) and a twelve month high of GBX 8,790 ($111.25). The firm has a fifty day simple moving average of GBX 8,076.72 and a two-hundred day simple moving average of GBX 7,062.16. The company has a market capitalization of £12.91 billion, a PE ratio of 2,246.29, a P/E/G ratio of 1.81 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 4th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 1.04%. This is an increase from InterContinental Hotels Group’s previous dividend of $0.48. InterContinental Hotels Group’s dividend payout ratio (DPR) is 3,457.14%.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.