InterContinental Hotels Group PLC (IHG) Earns “Outperform” Rating from Credit Suisse Group AG
InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse Group AG in a report issued on Friday. They presently have a GBX 3,550 ($46.34) price objective on the stock. Credit Suisse Group AG’s target price would indicate a potential upside of 13.56% from the company’s current price.
Several other equities analysts also recently weighed in on IHG. Kepler Capital Markets reaffirmed a “hold” rating and issued a GBX 3,074 ($40.13) target price on shares of InterContinental Hotels Group PLC in a research report on Friday. Citigroup Inc. reaffirmed a “neutral” rating on shares of InterContinental Hotels Group PLC in a research report on Wednesday, August 3rd. Societe Generale reaffirmed a “hold” rating and issued a GBX 3,100 ($40.46) target price on shares of InterContinental Hotels Group PLC in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 2,723 ($35.54) target price on shares of InterContinental Hotels Group PLC in a research report on Wednesday, July 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a GBX 2,660 ($34.72) price objective on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Five research 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. InterContinental Hotels Group PLC currently has an average rating of “Hold” and an average target price of GBX 2,871.42 ($37.48).
InterContinental Hotels Group PLC (LON:IHG) opened at 3126.00 on Friday. The firm’s market cap is GBX 7.13 billion. The company has a 50-day moving average of GBX 3,257.11 and a 200 day moving average of GBX 3,063.23. InterContinental Hotels Group PLC has a one year low of GBX 2,162.48 and a one year high of GBX 3,376.00.
The business also recently announced a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be issued a GBX 22.60 ($0.30) dividend. This represents a dividend yield of 0.73%. The ex-dividend date is Thursday, September 1st.
In other news, insider Solomons,Richard sold 55,782 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of GBX 3,078 ($40.18), for a total value of £1,716,969.96 ($2,241,182.56).
About InterContinental Hotels Group PLC
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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