InterContinental Hotels Group PLC (LON:IHG) Receives Average Recommendation of “Hold” from Analysts

InterContinental Hotels Group PLC (LON:IHG) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 6,415 ($81.19).

IHG has been the topic of several research analyst reports. Berenberg Bank upped their price objective on shares of InterContinental Hotels Group from GBX 6,000 ($75.94) to GBX 7,400 ($93.66) and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,400 ($81.00) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of InterContinental Hotels Group from GBX 5,400 ($68.35) to GBX 6,100 ($77.21) and gave the stock an “underweight” rating in a research report on Tuesday, February 27th. Finally, Citigroup restated a “sell” rating on shares of InterContinental Hotels Group in a research report on Thursday, February 22nd.

InterContinental Hotels Group Stock Up 0.9 %

Shares of IHG opened at GBX 7,961.22 ($100.76) on Wednesday. The business’s 50-day moving average price is GBX 8,099.24 and its 200-day moving average price is GBX 7,101.11. InterContinental Hotels Group has a twelve month low of GBX 5,178 ($65.54) and a twelve month high of GBX 8,790 ($111.25). The stock has a market cap of £13.08 billion, a PE ratio of 2,229.71, a P/E/G 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. Shareholders of record on Thursday, April 4th will be given a $1.04 dividend. This is a positive change from InterContinental Hotels Group’s previous dividend of $0.48. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 1.04%. InterContinental Hotels Group’s payout ratio is 3,457.14%.

InterContinental Hotels Group Company Profile

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.