InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “outperform” rating reiterated by Credit Suisse Group AG in a research note issued to investors on Monday. They currently have a GBX 4,330 ($52.94) price objective on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 11.40% from the stock’s previous close.
Several other equities research analysts also recently commented on IHG. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 2,975 ($36.37) target price on shares of InterContinental Hotels Group PLC in a research note on Wednesday, November 23rd. Barclays PLC restated an “equal weight” rating and issued a GBX 3,060 ($37.41) target price on shares of InterContinental Hotels Group PLC in a research note on Thursday, November 24th. Deutsche Bank AG boosted their target price on shares of InterContinental Hotels Group PLC from GBX 2,660 ($32.52) to GBX 3,100 ($37.90) and gave the company a “hold” rating in a research note on Wednesday, December 14th. Goldman Sachs Group Inc boosted their target price on shares of InterContinental Hotels Group PLC from GBX 3,410 ($41.69) to GBX 3,775 ($46.15) and gave the company a “neutral” rating in a research note on Thursday, December 22nd. Finally, HSBC Holdings plc upgraded shares of InterContinental Hotels Group PLC to a “hold” rating and boosted their target price for the company from GBX 2,900 ($35.46) to GBX 3,700 ($45.24) in a research note on Wednesday, January 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 3,547.14 ($43.37).
InterContinental Hotels Group PLC (LON:IHG) traded down 0.10% during trading on Monday, hitting GBX 3894.00. The stock had a trading volume of 296,829 shares. The firm’s 50-day moving average price is GBX 3,808.27 and its 200-day moving average price is GBX 3,460.83. InterContinental Hotels Group PLC has a 1-year low of GBX 2,504.00 and a 1-year high of GBX 4,029.00. The stock’s market cap is GBX 7.66 billion.
The business also recently declared a dividend, which will be paid on Monday, May 22nd. Stockholders of record on Thursday, May 4th will be paid a GBX 0.64 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a dividend yield of 1.32%.
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In other news, insider Paul Edgecliffe-Johnson sold 11,000 shares of the company’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of GBX 3,840 ($46.95), for a total value of £422,400 ($516,444.55).
InterContinental Hotels Group PLC Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s segments include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Company operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
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