InterContinental Hotels Group PLC (IHG) Receives Average Recommendation of “Hold” from Brokerages
Shares of InterContinental Hotels Group PLC (LON:IHG) have received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 3,804.44 ($49.39).
A number of brokerages have recently issued reports on IHG. Barclays PLC reissued an “equal weight” rating and issued a GBX 4,000 ($51.93) price objective on shares of InterContinental Hotels Group PLC in a research note on Thursday, July 27th. Liberum Capital reissued a “hold” rating and issued a GBX 4,600 ($59.72) price objective on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. J P Morgan Chase & Co increased their price objective on shares of InterContinental Hotels Group PLC from GBX 3,415 ($44.33) to GBX 3,450 ($44.79) and gave the stock an “underweight” rating in a research note on Monday, July 31st. Deutsche Bank AG raised their target price on shares of InterContinental Hotels Group PLC from GBX 3,500 ($45.44) to GBX 4,000 ($51.93) and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 4,200 ($54.52) target price on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th.
Shares of InterContinental Hotels Group PLC (LON IHG) traded down 1.60% on Friday, reaching GBX 3924.00. 438,525 shares of the company’s stock traded hands. The firm’s 50-day moving average is GBX 4,235.46 and its 200-day moving average is GBX 4,173.06. The stock’s market cap is GBX 7.69 billion. InterContinental Hotels Group PLC has a 52-week low of GBX 2,957.20 and a 52-week high of GBX 4,492.00.
The firm also recently disclosed a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, August 31st. This represents a yield of 0.61%.
In other InterContinental Hotels Group PLC news, insider Richard Solomons sold 31,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of GBX 4,413 ($57.29), for a total transaction of £1,368,030 ($1,775,970.40).
About InterContinental Hotels Group PLC
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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