Bryan, Garnier & Co restated their sell rating on shares of InterContinental Hotels Group (LON:IHG) in a research note issued to investors on Tuesday, February 20th. They currently have a GBX 4,100 ($56.65) price objective on the stock.
A number of other equities analysts have also issued reports on IHG. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 5,100 ($70.46) target price on shares of InterContinental Hotels Group in a research report on Monday, November 20th. Liberum Capital reissued a hold rating and set a GBX 4,950 ($68.39) price target on shares of InterContinental Hotels Group in a research report on Tuesday, February 20th. Deutsche Bank reissued a hold rating and set a GBX 4,500 ($62.17) price target on shares of InterContinental Hotels Group in a research report on Wednesday, February 14th. Barclays restated an equal weight rating and set a GBX 4,000 ($55.26) price objective on shares of InterContinental Hotels Group in a research note on Thursday, November 16th. Finally, HSBC upped their price objective on InterContinental Hotels Group from GBX 3,800 ($52.50) to GBX 4,600 ($63.55) and gave the stock a hold rating in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 4,460.83 ($61.63).
InterContinental Hotels Group (IHG) traded down GBX 33 ($0.46) during midday trading on Tuesday, reaching GBX 4,527 ($62.54). The company’s stock had a trading volume of 499,452 shares, compared to its average volume of 658,722. InterContinental Hotels Group has a 52-week low of GBX 3,656 ($50.51) and a 52-week high of GBX 4,944 ($68.31). The stock has a market cap of $8,570.00 and a PE ratio of 2,057.73.
The company also recently announced a dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, March 29th will be paid a dividend of $0.71 per share. The ex-dividend date is Thursday, March 29th. This represents a yield of 1.1%. This is a boost from InterContinental Hotels Group’s previous dividend of $0.33.
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About InterContinental Hotels Group
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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