InterContinental Hotels Group PLC (IHG) Upgraded by Credit Suisse Group to Outperform
Credit Suisse Group upgraded shares of InterContinental Hotels Group PLC (LON:IHG) from a neutral rating to an outperform rating in a research report sent to investors on Wednesday morning. Credit Suisse Group currently has GBX 5,100 ($67.30) price objective on the stock, up from their previous price objective of GBX 4,600 ($60.70).
A number of other brokerages also recently issued reports on IHG. Citigroup Inc. cut their price target on shares of InterContinental Hotels Group PLC from GBX 4,400 ($58.06) to GBX 3,900 ($51.46) and set a neutral rating for the company in a report on Tuesday, September 12th. Morgan Stanley cut their price target on shares of InterContinental Hotels Group PLC from GBX 4,000 ($52.78) to GBX 3,700 ($48.83) and set an underweight rating for the company in a report on Tuesday, September 5th. Deutsche Bank AG reiterated a hold rating on shares of InterContinental Hotels Group PLC in a report on Friday, October 20th. Liberum Capital reiterated a hold rating and issued a GBX 4,600 ($60.70) price target on shares of InterContinental Hotels Group PLC in a report on Friday, October 20th. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating on shares of InterContinental Hotels Group PLC in a report on Monday, September 11th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. InterContinental Hotels Group PLC currently has an average rating of Hold and a consensus price target of GBX 3,952.50 ($52.16).
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The firm also recently disclosed a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, August 31st were paid a $0.33 dividend. The ex-dividend date was Thursday, August 31st. This represents a yield of 0.61%.
About InterContinental Hotels Group PLC
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.
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