InterContinental Hotels Group PLC (NYSE:IHG) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $49.67.
IHG has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of InterContinental Hotels Group PLC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Telsey Advisory Group lifted their price target on shares of InterContinental Hotels Group PLC from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Thursday, February 23rd. Finally, Barclays PLC cut shares of InterContinental Hotels Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 22nd.
A number of large investors have recently added to or reduced their stakes in IHG. Riverhead Capital Management LLC boosted its stake in InterContinental Hotels Group PLC by 217.2% in the third quarter. Riverhead Capital Management LLC now owns 4,745 shares of the company’s stock valued at $198,000 after buying an additional 3,249 shares during the period. State Street Corp bought a new stake in InterContinental Hotels Group PLC during the fourth quarter valued at about $201,000. Dynamic Technology Lab Private Ltd bought a new stake in InterContinental Hotels Group PLC during the first quarter valued at about $207,000. FCA Corp TX bought a new stake in InterContinental Hotels Group PLC during the first quarter valued at about $221,000. Finally, Moors & Cabot Inc. bought a new stake in InterContinental Hotels Group PLC during the third quarter valued at about $223,000. 6.03% of the stock is owned by institutional investors.
Shares of InterContinental Hotels Group PLC (NYSE:IHG) traded up 0.52% during trading on Tuesday, hitting $55.62. 74,667 shares of the stock traded hands. InterContinental Hotels Group PLC has a 12 month low of $34.63 and a 12 month high of $55.68. The firm’s 50-day moving average price is $53.22 and its 200-day moving average price is $48.34. The stock has a market cap of $10.47 billion, a PE ratio of 27.52 and a beta of 1.28.
The business also recently disclosed a semiannual dividend, which will be paid on Monday, May 22nd. Shareholders of record on Friday, May 5th will be given a $0.64 dividend. This represents a yield of 2.67%. This is a boost from InterContinental Hotels Group PLC’s previous semiannual dividend of $0.47. The ex-dividend date of this dividend is Wednesday, May 3rd.
InterContinental Hotels Group PLC Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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