InterContinental Hotels Group PLC (IHG) Receives GBX 3,960 Consensus PT from Brokerages
InterContinental Hotels Group PLC (LON:IHG) has earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 3,960 ($52.26).
Several research firms recently commented on IHG. Kepler Capital Markets reiterated a “reduce” rating and issued a GBX 3,656 ($48.24) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Bryan, Garnier & Co reiterated a “sell” rating and issued a GBX 3,520 ($46.45) price target on shares of InterContinental Hotels Group PLC in a research note on Thursday, August 24th. Berenberg Bank reiterated a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 23rd. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 4,200 ($55.42) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co boosted their price target on InterContinental Hotels Group PLC from GBX 3,415 ($45.06) to GBX 3,450 ($45.53) and gave the stock an “underweight” rating in a research note on Monday, July 31st.
Shares of InterContinental Hotels Group PLC (LON IHG) traded up GBX 81 ($1.07) during midday trading on Thursday, hitting GBX 4,363 ($57.57). The stock had a trading volume of 632,642 shares, compared to its average volume of 600,558. InterContinental Hotels Group PLC has a 52 week low of GBX 2,957.20 ($39.02) and a 52 week high of GBX 4,492 ($59.28).
The business also recently declared a dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, August 31st were given a dividend of $0.33 per share. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, August 31st.
InterContinental Hotels Group PLC Company Profile
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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