InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “hold” rating restated by Kepler Capital Markets in a note issued to investors on Friday. They currently have a GBX 3,074 ($40.13) target price on the stock. Kepler Capital Markets’ price target would indicate a potential downside of 6.25% from the company’s previous close.
IHG has been the subject of a number of other reports. HSBC initiated coverage on InterContinental Hotels Group PLC in a research report on Monday, September 19th. They set a “reduce” rating and a GBX 2,900 ($37.85) price objective for the company. Berenberg Bank increased their price objective on InterContinental Hotels Group PLC from GBX 2,850 ($37.20) to GBX 3,000 ($39.16) and gave the stock a “hold” rating in a research report on Thursday, September 15th. Credit Suisse Group AG increased their price objective on InterContinental Hotels Group PLC from GBX 3,500 ($45.69) to GBX 3,550 ($46.34) and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. Bryan, Garnier & Co cut InterContinental Hotels Group PLC to a “sell” rating and increased their price objective for the stock from GBX 2,650 ($34.59) to GBX 2,950 ($38.51) in a research report on Tuesday, September 27th. Finally, Deutsche Bank AG decreased their price objective on InterContinental Hotels Group PLC from GBX 2,770 ($36.16) to GBX 2,660 ($34.72) and set a “hold” rating for the company in a research report on Tuesday, June 28th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. InterContinental Hotels Group PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 2,871.42 ($37.48).
InterContinental Hotels Group PLC (LON:IHG) opened at 3279.00 on Friday. The company’s market capitalization is GBX 7.48 billion. The company’s 50 day moving average price is GBX 3,250.67 and its 200-day moving average price is GBX 3,058.97. InterContinental Hotels Group PLC has a 52 week low of GBX 2,162.48 and a 52 week high of GBX 3,376.00.
The firm also recently disclosed a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be issued a dividend of GBX 22.60 ($0.30) per share. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 1st.
In other news, insider Solomons,Richard sold 55,782 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was 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.
Receive News & Ratings for InterContinental Hotels Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.