Intercontinental Hotels Group’s (IHG) Hold Rating Reiterated at Deutsche Bank

Deutsche Bank reaffirmed their hold rating on shares of Intercontinental Hotels Group (LON:IHG) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.

IHG has been the topic of a number of other reports. Berenberg Bank lowered their target price on Intercontinental Hotels Group from GBX 5,300 ($69.72) to GBX 5,200 ($68.40) and set a hold rating on the stock in a research report on Friday, January 17th. Goldman Sachs Group lowered their target price on Intercontinental Hotels Group from GBX 5,300 ($69.72) to GBX 5,100 ($67.09) and set a neutral rating on the stock in a research report on Wednesday, November 13th. Royal Bank of Canada reissued an underperform rating on shares of Intercontinental Hotels Group in a research report on Friday, February 7th. HSBC lowered their price target on Intercontinental Hotels Group from GBX 5,100 ($67.09) to GBX 5,000 ($65.77) and set a hold rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group reissued a sell rating on shares of Intercontinental Hotels Group in a research report on Monday, February 17th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 5,066 ($66.64).

Shares of LON:IHG opened at GBX 5,022 ($66.06) on Wednesday. Intercontinental Hotels Group has a twelve month low of GBX 4,392.50 ($57.78) and a twelve month high of GBX 5,770 ($75.90). The stock’s 50 day moving average is GBX 4,922.72 and its 200-day moving average is GBX 4,947.89. The firm has a market capitalization of $9.14 billion and a price-to-earnings ratio of 21.76.

The business also recently declared a dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 2nd will be given a $0.86 dividend. This is a positive change from Intercontinental Hotels Group’s previous dividend of $0.40. This represents a yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 2nd. Intercontinental Hotels Group’s dividend payout ratio is presently 0.40%.

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 (LON:IHG)

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