Intercontinental Hotels Group (IHG) Given Media Impact Rating of 0.38
Media coverage about Intercontinental Hotels Group (NYSE:IHG) has trended positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Intercontinental Hotels Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.8978214550821 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s analysis:
- InterContinental Hotels : Crowne Plaza and InterContinental hotels to open in Business Bay (4-traders.com)
- IHG Signs Two New Hotels in Dubai (hotelnewsresource.com)
- Intercontinental Hotels Group (IHG) Sees Significant Growth in Short Interest (americanbankingnews.com)
- As occupancy drops, high-end hotels find luxury comes at a cost – Economic Times (economictimes.indiatimes.com)
- BidaskClub Lowers InterContinental Hotels Group PLC (NYSE:IHG) to Hold (americanbankingnews.com)
A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Wednesday, June 7th. Bank of America Corporation restated a “buy” rating on shares of Intercontinental Hotels Group in a research note on Tuesday, July 25th. Morgan Stanley downgraded shares of Intercontinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Thursday, June 15th. Credit Suisse Group downgraded shares of Intercontinental Hotels Group from an “outperform” rating to a “neutral” rating in a research note on Monday, June 19th. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Intercontinental Hotels Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Intercontinental Hotels Group currently has an average rating of “Hold” and an average target price of $50.33.
Shares of Intercontinental Hotels Group (NYSE:IHG) traded up 0.90% during midday trading on Wednesday, hitting $51.83. 91,847 shares of the stock were exchanged. Intercontinental Hotels Group has a 12-month low of $39.82 and a 12-month high of $57.80. The company has a market cap of $10.16 billion, a PE ratio of 23.24 and a beta of 1.34. The firm has a 50-day moving average price of $55.37 and a 200-day moving average price of $53.22.
The business also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 30th.
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.
Receive News & Ratings for Intercontinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Hotels Group and related companies with Analyst Ratings Network's FREE daily email newsletter.