Bryan, Garnier & Co lowered shares of InterContinental Hotels Group PLC (LON:IHG) to a sell rating in a research report sent to investors on Tuesday morning. Bryan, Garnier & Co currently has GBX 2,950 ($38.51) price objective on the stock, up from their previous price objective of GBX 2,650 ($34.59).
IHG has been the subject of several other research reports. Credit Suisse Group AG restated an outperform rating and issued a GBX 3,000 ($39.16) target price on shares of InterContinental Hotels Group PLC in a report on Thursday, June 9th. Kepler Capital Markets restated a hold rating and issued a GBX 2,800 ($36.55) target price on shares of InterContinental Hotels Group PLC in a report on Wednesday, July 6th. Beaufort Securities reiterated a buy rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Numis Securities Ltd reiterated a hold rating and set a GBX 2,700 ($35.24) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 2nd. Finally, HSBC assumed coverage on shares of InterContinental Hotels Group PLC in a research note on Monday, September 19th. They set a reduce rating and a GBX 2,900 ($37.85) price target for the company. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. InterContinental Hotels Group PLC has a consensus rating of Hold and an average target price of GBX 2,871.42 ($37.48).
Shares of InterContinental Hotels Group PLC (LON:IHG) opened at 3230.00 on Tuesday. The firm’s market cap is GBX 7.36 billion. The stock has a 50 day moving average of GBX 3,254.00 and a 200 day moving average of GBX 3,064.04. InterContinental Hotels Group PLC has a 12 month low of GBX 2,162.48 and a 12 month high of GBX 3,376.00.
The firm also recently announced a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 1st will be issued a dividend of GBX 22.60 ($0.30) per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 0.73%.
In other InterContinental Hotels Group PLC news, insider Solomons,Richard sold 55,782 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of GBX 3,078 ($40.18), for a total transaction of £1,716,969.96 ($2,241,182.56).
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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