Numis Securities restated their hold rating on shares of InterContinental Hotels Group (LON:IHG) in a research note issued to investors on Monday, February 26th. They currently have a GBX 4,700 ($64.94) price objective on the stock.
A number of other equities analysts have also issued reports on the stock. Barclays boosted their target price on shares of InterContinental Hotels Group from GBX 4,360 ($60.24) to GBX 4,400 ($60.79) and gave the stock an equal weight rating in a research report on Thursday, February 22nd. Kepler Capital Markets reaffirmed a reduce rating and set a GBX 4,300 ($59.41) target price on shares of InterContinental Hotels Group in a research report on Wednesday, February 21st. Credit Suisse Group dropped their target price on shares of InterContinental Hotels Group from GBX 5,800 ($80.13) to GBX 5,500 ($75.99) and set an outperform rating on the stock in a research report on Wednesday, February 21st. Bryan, Garnier & Co reiterated a sell rating and set a GBX 4,100 ($56.65) price target on shares of InterContinental Hotels Group in a research note on Tuesday, February 20th. Finally, Liberum Capital reiterated a hold rating and set a GBX 4,950 ($68.39) price target on shares of InterContinental Hotels Group in a research note on Tuesday, February 20th. 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 an average target price of GBX 4,460.83 ($61.63).
Shares of InterContinental Hotels Group (IHG) traded down GBX 33 ($0.46) during mid-day trading on Monday, reaching GBX 4,527 ($62.54). 499,452 shares of the company were exchanged, compared to its average volume of 658,722. InterContinental Hotels Group has a fifty-two week low of GBX 3,656 ($50.51) and a fifty-two week high of GBX 4,944 ($68.31). The company has a market capitalization of $8,570.00 and a price-to-earnings ratio of 2,057.73.
The firm also recently declared a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a yield of 1.1%. This is an increase from InterContinental Hotels Group’s previous dividend of $0.33.
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InterContinental Hotels Group Company Profile
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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