InterContinental Hotels Group (IHG) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of InterContinental Hotels Group (NYSE:IHG) from a sell rating to a hold rating in a report published on Saturday morning, Zacks.com reports.

According to Zacks, “InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. “

Several other equities analysts have also recently commented on IHG. Bank of America reaffirmed a buy rating on shares of InterContinental Hotels Group in a report on Monday, February 11th. Berenberg Bank raised InterContinental Hotels Group from a hold rating to a buy rating in a report on Thursday, January 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $72.00.



InterContinental Hotels Group stock opened at $63.27 on Friday. The company has a market capitalization of $11.71 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.44 and a beta of 1.22. InterContinental Hotels Group has a 12 month low of $50.84 and a 12 month high of $67.37.

The company also recently declared a semiannual dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Friday, March 29th will be issued a $0.781 dividend. This is a boost from InterContinental Hotels Group’s previous semiannual dividend of $0.64. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 2.58%. InterContinental Hotels Group’s dividend payout ratio is 52.60%.

Hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC bought a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $27,000. NumerixS Investment Technologies Inc grew its stake in shares of InterContinental Hotels Group by 1,100.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the company’s stock valued at $64,000 after purchasing an additional 1,100 shares during the period. Financial Gravity Companies Inc. bought a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $209,000. Quadrant Capital Group LLC bought a new stake in shares of InterContinental Hotels Group in the 1st quarter valued at approximately $210,000. Finally, Stevens Capital Management LP bought a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $222,000. Institutional investors own 7.90% of the company’s stock.

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 HOTELS, 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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Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

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