InterContinental Hotels Group PLC’s (IHG) “Hold” Rating Reaffirmed at Kepler Capital Markets
Kepler Capital Markets reissued their hold rating on shares of InterContinental Hotels Group PLC (LON:IHG) in a research note published on Friday morning. Kepler Capital Markets currently has a GBX 3,074 ($40.13) target price on the stock.
Several other research analysts also recently weighed in on IHG. Citigroup Inc. restated a neutral rating on shares of InterContinental Hotels Group PLC in a research report on Wednesday, August 3rd. Societe Generale restated a hold rating and set a GBX 3,100 ($40.46) price target on shares of InterContinental Hotels Group PLC in a research report on Wednesday, August 3rd. Deutsche Bank AG restated a hold rating and set a GBX 2,660 ($34.72) price target on shares of InterContinental Hotels Group PLC in a research report on Wednesday, August 3rd. Barclays PLC restated an equal weight rating and set a GBX 2,400 ($31.33) price target on shares of InterContinental Hotels Group PLC in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 2,723 ($35.54) price objective on shares of InterContinental Hotels Group PLC in a report on Wednesday, July 27th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 2,871.42 ($37.48).
Shares of InterContinental Hotels Group PLC (LON:IHG) traded up 2.11% on Friday, hitting GBX 3247.00. The stock had a trading volume of 302,342 shares. The firm’s market cap is GBX 7.40 billion. The firm’s 50-day moving average price is GBX 3,254.00 and its 200 day moving average price is 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 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 stock in a transaction that occurred on 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).
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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