InterContinental Hotels Group PLC (NYSE:IHG) has been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company.
IHG has been the subject of several recent research reports. Berenberg Bank raised InterContinental Hotels Group from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. Bank of America reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research note on Monday, February 11th. Finally, Zacks Investment Research lowered InterContinental Hotels Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 20th.
NYSE:IHG opened at $64.63 on Friday. The company has a market cap of $11.71 billion, a PE ratio of 22.36, a P/E/G ratio of 2.44 and a beta of 1.22. InterContinental Hotels Group has a 52 week low of $50.84 and a 52 week high of $67.37.
The company also recently declared a semiannual dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.781 per share. This is a positive change from InterContinental Hotels Group’s previous semiannual dividend of $0.64. This represents a yield of 2.58%. The ex-dividend date is Thursday, March 28th. InterContinental Hotels Group’s dividend payout ratio (DPR) is presently 52.60%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC bought a new position in InterContinental Hotels Group during the 4th quarter valued at $27,000. NumerixS Investment Technologies Inc lifted its holdings in shares of InterContinental Hotels Group by 1,100.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the company’s stock valued at $64,000 after purchasing an additional 1,100 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of InterContinental Hotels Group in the first quarter valued at $210,000. Financial Gravity Companies Inc. purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at $209,000. Finally, Stevens Capital Management LP purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at $222,000. 7.90% of the stock is owned by hedge funds and other institutional investors.
InterContinental Hotels Group Company Profile
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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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