Intercontinental Hotels Group (IHG) Given Average Rating of “Hold” by Analysts
Shares of Intercontinental Hotels Group (LON:IHG) have been given a consensus rating of “Hold” by the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 4,483.33 ($58.40).
Several brokerages have weighed in on IHG. Credit Suisse Group reiterated an “outperform” rating on shares of Intercontinental Hotels Group in a research note on Thursday, August 23rd. Citigroup cut shares of Intercontinental Hotels Group to a “sell” rating in a research note on Monday, September 3rd. Barclays lifted their price objective on shares of Intercontinental Hotels Group from GBX 4,400 ($57.31) to GBX 4,500 ($58.62) and gave the stock an “equal weight” rating in a research note on Thursday, June 7th. Numis Securities reiterated a “hold” rating and issued a GBX 4,850 ($63.18) price objective on shares of Intercontinental Hotels Group in a research note on Monday, June 18th. Finally, Kepler Capital Markets reiterated a “reduce” rating on shares of Intercontinental Hotels Group in a research note on Tuesday, August 7th.
In other Intercontinental Hotels Group news, insider Paul Edgecliffe-Johnson sold 15,500 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of GBX 4,700 ($61.22), for a total value of £728,500 ($948,938.39).
The company also recently announced a dividend, which will be paid on Friday, October 5th. Shareholders of record on Thursday, August 30th will be issued a $0.36 dividend. This represents a yield of 0.6%. The ex-dividend date is Thursday, August 30th.
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, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, and Candlewood Suites brands.
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