InterContinental Hotels Group PLC (IHG) Receives GBX 3,547.14 Average Target Price from Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given an average rating of “Hold” by the fifteen ratings firms that are presently covering the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 3,547.14 ($44.58).

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 4,330 ($54.42) price objective on shares of InterContinental Hotels Group PLC in a research report on Monday, March 20th. Barclays PLC reissued an “equal weight” rating and set a GBX 4,000 ($50.27) price objective on shares of InterContinental Hotels Group PLC in a research report on Wednesday, February 22nd. Citigroup Inc reissued a “neutral” rating and set a GBX 4,200 ($52.78) price objective on shares of InterContinental Hotels Group PLC in a research report on Wednesday, February 22nd. Goldman Sachs Group Inc reissued a “neutral” rating and set a GBX 3,815 ($47.95) price objective on shares of InterContinental Hotels Group PLC in a research report on Wednesday, February 22nd. Finally, Morgan Stanley increased their price objective on shares of InterContinental Hotels Group PLC from GBX 3,600 ($45.24) to GBX 3,800 ($47.76) and gave the stock an “equal weight” rating in a research report on Wednesday, February 22nd.

In other InterContinental Hotels Group PLC news, insider Paul Edgecliffe-Johnson sold 11,000 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of GBX 3,840 ($48.26), for a total value of £422,400 ($530,853.34).

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InterContinental Hotels Group PLC (LON:IHG) traded down 0.62% during trading on Monday, reaching GBX 3824.00. The company had a trading volume of 588,028 shares. The company’s market capitalization is GBX 7.52 billion. The company has a 50-day moving average price of GBX 3,830.94 and a 200 day moving average price of GBX 3,487.64. InterContinental Hotels Group PLC has a one year low of GBX 2,504.00 and a one year high of GBX 4,029.00.

The firm also recently announced a dividend, which will be paid on Monday, May 22nd. Investors of record on Thursday, May 4th will be issued a GBX 0.64 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a dividend yield of 1.32%.

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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