Brokerages Set Intercontinental Hotels Group (LON:IHG) PT at GBX 5,120

Shares of Intercontinental Hotels Group (LON:IHG) have received an average rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 5,000 ($65.33).

IHG has been the topic of several recent research reports. Numis Securities reaffirmed a “hold” rating on shares of Intercontinental Hotels Group in a report on Friday, June 14th. UBS Group reaffirmed a “sell” rating and set a GBX 4,800 ($62.72) target price (up from GBX 4,700 ($61.41)) on shares of Intercontinental Hotels Group in a report on Tuesday, August 13th. Royal Bank of Canada cut shares of Intercontinental Hotels Group from a “sector perform” rating to an “underperform” rating in a report on Thursday, July 18th. Barclays reaffirmed an “underweight” rating and set a GBX 4,400 ($57.49) target price on shares of Intercontinental Hotels Group in a report on Thursday, August 15th. Finally, Berenberg Bank raised their target price on shares of Intercontinental Hotels Group from GBX 4,850 ($63.37) to GBX 5,300 ($69.25) and gave the stock a “buy” rating in a report on Wednesday, May 15th.

Intercontinental Hotels Group stock traded up GBX 49 ($0.64) during trading hours on Wednesday, hitting GBX 5,214 ($68.13). The company had a trading volume of 702,704 shares, compared to its average volume of 648,968. The firm has a market cap of $9.49 billion and a PE ratio of 22.59. Intercontinental Hotels Group has a one year low of GBX 4,052.63 ($52.95) and a one year high of GBX 5,770 ($75.40). The firm has a 50-day moving average of GBX 5,400.28 and a 200 day moving average of GBX 4,979.37.

The firm also recently announced a dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 0.63%. Intercontinental Hotels Group’s dividend payout ratio is presently 0.40%.

About Intercontinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.

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Analyst Recommendations for Intercontinental Hotels Group (LON:IHG)

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