InterContinental Hotels Group (LON:IHG) Shares Cross Above Two Hundred Day Moving Average of $7,130.11

InterContinental Hotels Group PLC (LON:IHG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7,130.11 ($88.76) and traded as high as GBX 7,908 ($98.44). InterContinental Hotels Group shares last traded at GBX 7,794 ($97.02), with a volume of 254,573 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IHG shares. Berenberg Bank upped their target price on shares of InterContinental Hotels Group from GBX 6,000 ($74.69) to GBX 7,400 ($92.12) and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($79.67) target price on shares of InterContinental Hotels Group in a research report on Tuesday, February 20th. JPMorgan Chase & Co. raised their price target on shares of InterContinental Hotels Group from GBX 5,400 ($67.22) to GBX 6,100 ($75.94) and gave the company an “underweight” rating in a report on Tuesday, February 27th. Finally, Citigroup restated a “sell” rating on shares of InterContinental Hotels Group in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 6,415 ($79.86).

InterContinental Hotels Group Stock Performance

The business’s 50 day moving average is GBX 8,113.40 and its 200 day moving average is GBX 7,130.11. The company has a market capitalization of £12.80 billion, a price-to-earnings ratio of 2,226.86, a PEG ratio of 1.81 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 4th will be paid a $1.04 dividend. The ex-dividend date is Thursday, April 4th. This is a boost from InterContinental Hotels Group’s previous dividend of $0.48. This represents a yield of 1.04%. InterContinental Hotels Group’s dividend payout ratio (DPR) is 3,457.14%.

About InterContinental Hotels Group

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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.