InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse Group AG in a report released on Friday. They presently have a GBX 3,550 ($43.94) price objective on the stock. Credit Suisse Group AG’s price objective suggests a potential upside of 9.20% from the stock’s previous close.
Several other brokerages also recently commented on IHG. Goldman Sachs Group Inc. downgraded shares of InterContinental Hotels Group PLC to a “neutral” rating and reduced their price objective for the stock from GBX 3,440 ($42.57) to GBX 3,090 ($38.24) in a research report on Wednesday, June 22nd. Morgan Stanley cut InterContinental Hotels Group PLC from an “equal” rating to an “underweight” rating and cut their target price for the stock from GBX 3,300 ($40.84) to GBX 3,100 ($38.37) in a report on Monday, September 26th. Panmure Gordon reiterated a “hold” rating and issued a GBX 2,800 ($34.65) target price on shares of InterContinental Hotels Group PLC in a report on Tuesday, August 2nd. Bryan, Garnier & Co cut InterContinental Hotels Group PLC to a “sell” rating and increased their target price for the stock from GBX 2,650 ($32.80) to GBX 2,950 ($36.51) in a report on Tuesday, September 27th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a GBX 2,400 ($29.70) target price on shares of InterContinental Hotels Group PLC in a report on Wednesday, August 3rd. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,871.42 ($35.54).
InterContinental Hotels Group PLC (LON:IHG) opened at 3276.00 on Friday. The firm’s market capitalization is GBX 7.47 billion. 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 has a 50 day moving average of GBX 3,242.28 and a 200 day moving average of GBX 3,056.32.
The company also recently disclosed a dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 1st were issued a GBX 22.60 ($0.28) dividend. This represents a yield of 0.73%. The ex-dividend date of this dividend was Thursday, September 1st.
In other InterContinental Hotels Group PLC news, insider Solomons,Richard sold 55,782 shares of InterContinental Hotels Group PLC stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of GBX 3,078 ($38.09), for a total transaction of £1,716,969.96 ($2,124,962.82).
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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