InterContinental Hotels Group PLC (NYSE:IHG – Get Free Report) has earned an average rating of “Hold” from the five analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company.
Several research firms have recently commented on IHG. Morgan Stanley cut shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Finally, Citigroup assumed coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They issued a “sell” rating for the company.
Read Our Latest Report on InterContinental Hotels Group
Institutional Trading of InterContinental Hotels Group
InterContinental Hotels Group Trading Up 2.1 %
NYSE:IHG opened at $113.69 on Wednesday. The company has a 50-day moving average price of $127.42 and a 200-day moving average price of $120.17. InterContinental Hotels Group has a 12 month low of $91.57 and a 12 month high of $137.25. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.69 and a beta of 1.33.
InterContinental Hotels Group Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.144 per share. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. This represents a yield of 1.4%. The ex-dividend date is Friday, April 4th. InterContinental Hotels Group’s dividend payout ratio (DPR) is currently 18.79%.
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.
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