InterContinental Hotels Group PLC (LON:IHG) Receives Consensus Recommendation of “Hold” from Brokerages – MarketBeat

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Shares of InterContinental Hotels Group PLC (LON:IHGGet Free Report) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given 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 6,415 ($80.58).

IHG has been the subject of several research reports. Berenberg Bank upped their price target on shares of InterContinental Hotels Group from GBX 6,000 ($75.37) to GBX 7,400 ($92.95) and gave the stock a “hold” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price on InterContinental Hotels Group from GBX 5,400 ($67.83) to GBX 6,100 ($76.62) and gave the company an “underweight” rating in a research report on Tuesday, February 27th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,400 ($80.39) price target on shares of InterContinental Hotels Group in a report on Tuesday, February 20th. Finally, Citigroup restated a “sell” rating on shares of InterContinental Hotels Group in a research note on Thursday, February 22nd.

Read Our Latest Research Report on IHG

InterContinental Hotels Group Price Performance

LON:IHG opened at GBX 7,726 ($97.05) on Friday. InterContinental Hotels Group has a 1-year low of GBX 5,178 ($65.04) and a 1-year high of GBX 8,790 ($110.41). The company has a 50-day moving average of GBX 8,096.04 and a 200 day moving average of GBX 7,285.48. The firm has a market cap of £12.69 billion, a PE ratio of 2,207.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 4th will be paid a dividend of $1.04 per share. This represents a yield of 1.04%. This is an increase from InterContinental Hotels Group’s previous dividend of $0.48. The ex-dividend date is Thursday, April 4th. InterContinental Hotels Group’s payout ratio is 3,457.14%.

InterContinental Hotels Group Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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