InterContinental Hotels Group PLC (IHG) Given Average Rating of “Hold” by Brokerages

Shares of InterContinental Hotels Group PLC (LON:IHG) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 3,547.14 ($43.81).

Several equities research analysts recently commented on the company. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 4,330 ($53.48) target price on shares of InterContinental Hotels Group PLC in a report on Monday. Goldman Sachs Group Inc reissued a “neutral” rating and set a GBX 3,815 ($47.12) target price on shares of InterContinental Hotels Group PLC in a report on Wednesday, February 22nd. Bryan, Garnier & Co reissued a “sell” rating and set a GBX 2,950 ($36.43) target price on shares of InterContinental Hotels Group PLC in a report on Tuesday, February 21st. JPMorgan Chase & Co. boosted their target price on InterContinental Hotels Group PLC from GBX 3,265 ($40.32) to GBX 3,415 ($42.18) and gave the stock an “underweight” rating in a report on Friday, February 24th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 3,550 ($43.84) target price on shares of InterContinental Hotels Group PLC in a report on Tuesday, February 21st.

Shares of InterContinental Hotels Group PLC (LON:IHG) traded down 0.08% on Monday, hitting GBX 3894.88. The company’s stock had a trading volume of 390,911 shares. The company’s market cap is GBX 7.66 billion. The stock’s 50 day moving average is GBX 3,808.27 and its 200-day moving average is GBX 3,460.83. InterContinental Hotels Group PLC has a 52 week low of GBX 2,504.00 and a 52 week high of GBX 4,029.00.

The firm also recently declared a dividend, which will be paid on Monday, May 22nd. Shareholders of record on Thursday, May 4th will be given a GBX 0.64 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a yield of 1.32%.

In other InterContinental Hotels Group PLC news, insider Paul Edgecliffe-Johnson sold 11,000 shares of InterContinental Hotels Group PLC stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of GBX 3,840 ($47.42), for a total value of £422,400 ($521,674.69).

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InterContinental Hotels Group PLC Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s segments include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Company operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.

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