Shares of InterContinental Hotels Group PLC (LON:IHG) have been assigned a consensus rating of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 3,837.57 ($49.56).

IHG has been the topic of a number of analyst reports. Credit Suisse Group downgraded shares of InterContinental Hotels Group PLC to a “neutral” rating and increased their price target for the company from GBX 4,500 ($58.12) to GBX 4,600 ($59.41) in a research report on Monday, June 19th. Deutsche Bank AG reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research report on Thursday, June 8th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 4,200 ($54.24) price target on shares of InterContinental Hotels Group PLC in a research report on Tuesday, August 8th. Liberum Capital reiterated a “hold” rating and issued a GBX 4,600 ($59.41) price target on shares of InterContinental Hotels Group PLC in a research report on Tuesday, August 8th. Finally, Kepler Capital Markets reiterated a “reduce” rating and issued a GBX 3,656 ($47.22) price target on shares of InterContinental Hotels Group PLC in a research report on Tuesday, August 8th.

InterContinental Hotels Group PLC (LON IHG) traded up 0.29% during mid-day trading on Wednesday, hitting GBX 3792.00. 226,377 shares of the company were exchanged. The company has a 50 day moving average of GBX 4,020.97 and a 200 day moving average of GBX 4,163.09. The stock’s market cap is GBX 7.43 billion. InterContinental Hotels Group PLC has a 12-month low of GBX 2,957.20 and a 12-month high of GBX 4,492.00.

The company also recently announced a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, August 31st will be paid a $0.33 dividend. The ex-dividend date is Thursday, August 31st. This represents a dividend yield of 0.61%.

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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.

Analyst Recommendations for InterContinental Hotels Group PLC (LON:IHG)

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