A number of other research firms also recently weighed in on IHG. Kepler Capital Markets restated a reduce rating and issued a GBX 3,656 ($48.24) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Numis Securities Ltd restated a hold rating and issued a GBX 4,200 ($55.42) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Liberum Capital restated a hold rating and issued a GBX 4,600 ($60.70) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Barclays PLC restated an equal weight rating and issued a GBX 4,000 ($52.78) price target on shares of InterContinental Hotels Group PLC in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co raised their price target on InterContinental Hotels Group PLC from GBX 3,415 ($45.06) to GBX 3,450 ($45.53) and gave the company an underweight rating in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. InterContinental Hotels Group PLC presently has a consensus rating of Hold and an average target price of GBX 3,916.79 ($51.69).
Shares of InterContinental Hotels Group PLC (LON IHG) opened at 4071.00 on Friday. The company has a 50 day moving average price of GBX 3,916.14 and a 200 day moving average price of GBX 4,145.97. The company’s market cap is GBX 7.98 billion. InterContinental Hotels Group PLC has a 52 week low of GBX 2,957.20 and a 52 week high of GBX 4,492.00.
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The firm also recently announced a dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a dividend yield of 0.61%.
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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