InterContinental Hotels Group PLC (LON:IHG) Given Consensus Recommendation of “Hold” by Analysts

InterContinental Hotels Group PLC (LON:IHG) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 6,415 ($79.86).

Several brokerages have weighed in on IHG. Berenberg Bank increased their price target on InterContinental Hotels Group from GBX 6,000 ($74.69) to GBX 7,400 ($92.12) and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Citigroup reaffirmed a “sell” rating on shares of InterContinental Hotels Group in a research report on Thursday, February 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,400 ($79.67) price target on shares of InterContinental Hotels Group in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. increased their price target on InterContinental Hotels Group from GBX 5,400 ($67.22) to GBX 6,100 ($75.94) and gave the stock an “underweight” rating in a research report on Tuesday, February 27th.

InterContinental Hotels Group Price Performance

LON IHG opened at GBX 7,798 ($97.07) on Wednesday. The stock’s fifty day moving average price is GBX 8,110.36 and its 200 day moving average price is GBX 7,125.44. InterContinental Hotels Group has a 1 year low of GBX 5,178 ($64.46) and a 1 year high of GBX 8,790 ($109.42). The company has a market cap of £12.81 billion, a price-to-earnings ratio of 2,218.86, a PEG 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 given a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost 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 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.