InterContinental Hotels Group (LON:IHG) Stock Crosses Above 200-Day Moving Average of $7,265.70

InterContinental Hotels Group PLC (LON:IHG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7,265.70 ($91.27) and traded as high as GBX 7,838 ($98.45). InterContinental Hotels Group shares last traded at GBX 7,726 ($97.05), with a volume of 511,745 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup reiterated a “sell” rating on shares of InterContinental Hotels Group in a report on Thursday, February 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,400 ($80.39) price target on shares of InterContinental Hotels Group in a report on Tuesday, February 20th. Berenberg Bank boosted their price objective on shares of InterContinental Hotels Group from GBX 6,000 ($75.37) to GBX 7,400 ($92.95) and gave the company a “hold” rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on InterContinental Hotels Group from GBX 5,400 ($67.83) to GBX 6,100 ($76.62) and gave the company an “underweight” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 6,415 ($80.58).

InterContinental Hotels Group Stock Down 2.1 %

The business’s 50 day moving average price is GBX 8,116.56 and its 200-day moving average price is GBX 7,265.70. The company has a market cap of £12.69 billion, a PE ratio of 2,207.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

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

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 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.