InterContinental Hotels Group PLC (LON:IHG) had its price objective upped by Berenberg Bank from GBX 2,850 ($37.20) to GBX 3,000 ($39.16) in a research report sent to investors on Thursday. The brokerage currently has a hold rating on the stock.

Analyst Recommendations for InterContinental Hotels Group PLC (LON:IHG)

Other research analysts have also recently issued research reports about the stock. Societe Generale restated a hold rating and set a GBX 3,100 ($40.46) target price on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Deutsche Bank AG restated a hold rating and set a GBX 2,660 ($34.72) target price on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Barclays PLC restated an equal weight rating and set a GBX 2,400 ($31.33) target price on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Kepler Capital Markets lifted their target price on shares of InterContinental Hotels Group PLC from GBX 2,800 ($36.55) to GBX 3,074 ($40.13) and gave the company a hold rating in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. restated an underweight rating and set a GBX 2,723 ($35.54) target price on shares of InterContinental Hotels Group PLC in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. InterContinental Hotels Group PLC has a consensus rating of Hold and an average price target of GBX 2,879.85 ($37.59).

InterContinental Hotels Group PLC (LON:IHG) opened at 3267.00 on Thursday. The company’s market cap is GBX 7.45 billion. The company has a 50-day moving average price of GBX 3,249.42 and a 200-day moving average price of GBX 3,064.48. InterContinental Hotels Group PLC has a 1-year low of GBX 2,162.48 and a 1-year high of GBX 3,376.00.

The company also recently declared a dividend, which will be paid on Friday, October 7th. Investors 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 related news, insider Solomons,Richard sold 55,782 shares of the company’s stock in a transaction dated 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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