Ron Kalifa Acquires 679 Shares of InterContinental Hotels Group PLC (LON:IHG) Stock

InterContinental Hotels Group PLC (LON:IHG) insider Ron Kalifa bought 679 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of GBX 7,624 ($97.43) per share, for a total transaction of £51,766.96 ($66,155.86).

InterContinental Hotels Group Stock Performance

LON IHG traded up GBX 56 ($0.72) during trading hours on Tuesday, hitting GBX 7,410 ($94.70). 99,508,328 shares of the company’s stock were exchanged, compared to its average volume of 1,058,359. The business’s 50 day moving average is GBX 8,097.68 and its 200-day moving average is GBX 8,001.80. InterContinental Hotels Group PLC has a 12-month low of GBX 5,580 ($71.31) and a 12-month high of GBX 8,790 ($112.33). The firm has a market capitalization of £12.03 billion, a P/E ratio of 2,148.13, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97.

InterContinental Hotels Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, August 29th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, August 29th. This represents a yield of 0.57%. InterContinental Hotels Group’s dividend payout ratio (DPR) is presently 3,544.67%.

Analyst Ratings Changes

Several analysts have recently issued reports on IHG shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 8,300 ($106.07) price objective on shares of InterContinental Hotels Group in a research report on Thursday, August 1st. Jefferies Financial Group restated a “hold” rating and issued a GBX 84 ($1.07) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 5,847.33 ($74.73).

About InterContinental Hotels Group

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.