InterContinental Hotels Group PLC (IHG) Receives Consensus Rating of “Hold” from Brokerages
Shares of InterContinental Hotels Group PLC (LON:IHG) have been given a consensus rating of “Hold” by the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 3,960 ($52.26).
Several research firms have recently weighed in on IHG. Credit Suisse Group raised InterContinental Hotels Group PLC from a “neutral” rating to an “outperform” rating and increased their price target for the company from GBX 4,600 ($60.70) to GBX 5,100 ($67.30) in a report on Wednesday. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 3,450 ($45.53) price target on shares of InterContinental Hotels Group PLC in a report on Monday, October 23rd. Liberum Capital reissued a “hold” rating and set a GBX 4,600 ($60.70) price target on shares of InterContinental Hotels Group PLC in a report on Friday, October 20th. Kepler Capital Markets reissued a “reduce” rating and set a GBX 3,750 ($49.49) price target on shares of InterContinental Hotels Group PLC in a report on Friday, October 20th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of InterContinental Hotels Group PLC in a report on Friday, October 20th.
The business also recently announced a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, August 31st were issued a $0.33 dividend. The ex-dividend date was Thursday, August 31st. This represents a 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.
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