InterContinental Hotels Group PLC (LON:IHG – Get Free Report) has been given a consensus recommendation of “Reduce” by the six analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 5,471 ($73.26).
A number of research firms have weighed in on IHG. The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a report on Wednesday, September 18th. Berenberg Bank restated a “hold” rating and issued a GBX 7,400 ($99.09) price objective on shares of InterContinental Hotels Group in a research note on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 8,300 ($111.14) target price on shares of InterContinental Hotels Group in a research report on Thursday, August 1st.
Check Out Our Latest Analysis on IHG
Insider Transactions at InterContinental Hotels Group
InterContinental Hotels Group Stock Up 2.3 %
IHG opened at GBX 8,202 ($109.83) on Friday. InterContinental Hotels Group has a twelve month low of GBX 5,636 ($75.47) and a twelve month high of GBX 8,790 ($117.70). The firm has a 50 day moving average price of GBX 7,713.75 and a 200-day moving average price of GBX 7,929.32. The stock has a market capitalization of £12.45 billion, a price-to-earnings ratio of 2,780.34, a PEG ratio of 1.60 and a beta of 0.98.
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 paid a dividend of $0.53 per share. This represents a yield of 0.57%. The ex-dividend date is Thursday, August 29th. InterContinental Hotels Group’s dividend payout ratio (DPR) is presently 4,237.29%.
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.
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