Shares of InterContinental Hotels Group PLC (NYSE:IHG) have been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $66.00.

IHG has been the subject of several research reports. Zacks Investment Research downgraded shares of InterContinental Hotels Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Citigroup downgraded shares of InterContinental Hotels Group from a “neutral” rating to a “sell” rating in a research report on Monday, September 3rd. Raymond James downgraded shares of InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, September 4th. JPMorgan Chase & Co. raised shares of InterContinental Hotels Group from an “underweight” rating to a “neutral” rating in a research report on Friday, June 15th. Finally, ValuEngine downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd.

Shares of IHG stock traded down $0.48 during trading hours on Monday, hitting $62.10. 53,200 shares of the company were exchanged, compared to its average volume of 250,739. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of -1.67. InterContinental Hotels Group has a 52 week low of $51.13 and a 52 week high of $69.23. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 25.59 and a beta of 1.34.

The firm also recently announced a special dividend, which will be paid on Friday, October 5th. Investors of record on Friday, August 31st will be given a $0.363 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a yield of 2.36%. This is an increase from InterContinental Hotels Group’s previous special dividend of $0.33. InterContinental Hotels Group’s dividend payout ratio (DPR) is 29.63%.

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in InterContinental Hotels Group by 1.1% in the second quarter. FMR LLC now owns 4,971,087 shares of the company’s stock valued at $311,538,000 after purchasing an additional 55,641 shares in the last quarter. Aperio Group LLC grew its position in InterContinental Hotels Group by 7.6% in the second quarter. Aperio Group LLC now owns 213,643 shares of the company’s stock valued at $13,389,000 after purchasing an additional 15,181 shares in the last quarter. Freestone Capital Holdings LLC grew its position in InterContinental Hotels Group by 4.3% in the first quarter. Freestone Capital Holdings LLC now owns 180,548 shares of the company’s stock valued at $11,051,000 after purchasing an additional 7,442 shares in the last quarter. Northern Trust Corp grew its position in InterContinental Hotels Group by 4.4% in the second quarter. Northern Trust Corp now owns 178,318 shares of the company’s stock valued at $11,176,000 after purchasing an additional 7,496 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new position in InterContinental Hotels Group in the second quarter valued at $9,531,000. 7.18% of the stock is owned by institutional investors and hedge funds.

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, and Candlewood Suites brands.

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Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

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