Intercontinental Hotels Group (IHG) Receives Consensus Rating of “Hold” from Analysts
Shares of Intercontinental Hotels Group (LON:IHG) have been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment 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 twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 4,700 ($61.41).
Several equities research analysts have issued reports on the company. Societe Generale raised their price target on Intercontinental Hotels Group from GBX 4,500 ($58.80) to GBX 4,800 ($62.72) and gave the company a “hold” rating in a report on Wednesday, February 20th. UBS Group raised Intercontinental Hotels Group to a “neutral” rating and lifted their target price for the stock from GBX 4,275 ($55.86) to GBX 4,500 ($58.80) in a report on Wednesday, February 20th. Bryan, Garnier & Co reissued a “sell” rating on shares of Intercontinental Hotels Group in a report on Tuesday, February 19th. Barclays reissued an “equal weight” rating on shares of Intercontinental Hotels Group in a report on Thursday, February 7th. Finally, Morgan Stanley downgraded Intercontinental Hotels Group from an “equal” rating to a “weight” rating in a report on Monday, January 7th.
In other news, insider George Turner sold 10,000 shares of Intercontinental Hotels Group stock in a transaction on Friday, February 22nd. The stock was sold at an average price of GBX 4,613 ($60.28), for a total transaction of £461,300 ($602,770.16).
The company also recently announced a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.78 per share. This represents a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 28th. Intercontinental Hotels Group’s dividend payout ratio is currently 0.47%.
Intercontinental Hotels Group Company Profile
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, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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