Intercontinental Hotels Group (IHG) Given Coverage Optimism Rating of 0.38
Headlines about Intercontinental Hotels Group (NYSE:IHG) have been trending positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Intercontinental Hotels Group earned a news sentiment score of 0.38 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.1785476751145 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- My memorable Bahrain trip with InterContinental Hotels Group (ameinfo.com)
- Market Risers: InterContinental Hotels Group PLC, OptiBiotix Health … – DirectorsTalk Interviews (directorstalkinterviews.com)
- Lights out for the environment – Bedouk.com (bedouk.com)
- IHG Rewards Club treats members to a soiree at Marina Social – Trade Arabia (tradearabia.com)
- IHG Opens Highest Hotel in Vietnam – Commercial Property Executive (cpexecutive.com)
Shares of Intercontinental Hotels Group (IHG) opened at 52.89 on Friday. The stock has a 50 day moving average of $51.50 and a 200-day moving average of $53.35. Intercontinental Hotels Group has a 1-year low of $39.84 and a 1-year high of $57.80. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 23.72 and a beta of 1.36.
The firm also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 30th.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, June 7th. Credit Suisse Group lowered shares of Intercontinental Hotels Group from an “outperform” rating to a “neutral” rating in a report on Monday, June 19th. They noted that the move was a valuation call. Morgan Stanley lowered shares of Intercontinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Thursday, June 15th. Bank of America Corporation reissued a “buy” rating on shares of Intercontinental Hotels Group in a report on Tuesday, July 25th. Finally, BidaskClub lowered shares of Intercontinental Hotels Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Intercontinental Hotels Group presently has an average rating of “Hold” and an average target price of $50.33.
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About Intercontinental Hotels Group
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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