InterContinental Hotels Group PLC (LON:IHG) Receives GBX 5,471 Consensus PT from Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have earned a consensus recommendation of “Reduce” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 5,471 ($71.03).

IHG has been the topic of several recent research reports. Berenberg Bank reissued a “hold” rating and issued a GBX 7,400 ($96.08) price target on shares of InterContinental Hotels Group in a research note on Thursday, August 15th. The Goldman Sachs Group upgraded InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 8,300 ($107.76) price target on shares of InterContinental Hotels Group in a research note on Thursday, August 1st.

InterContinental Hotels Group Trading Down 1.5 %

IHG opened at GBX 8,440 ($109.58) on Tuesday. The stock has a market capitalization of £13.38 billion, a P/E ratio of 2,923.39, a P/E/G ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a 12 month low of GBX 5,636 ($73.18) and a 12 month high of GBX 8,790 ($114.13). The firm’s fifty day simple moving average is GBX 7,880.83 and its 200 day simple moving average is GBX 7,949.38.

InterContinental Hotels Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, August 29th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 0.57%. InterContinental Hotels Group’s dividend payout ratio (DPR) is presently 4,237.29%.

Insider Buying and Selling at InterContinental Hotels Group

In related news, insider Ron Kalifa acquired 679 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of GBX 7,624 ($98.99) per share, with a total value of £51,766.96 ($67,212.36). Corporate insiders own 5.99% 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 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.