InterContinental Hotels Group PLC (LON:IHG) Announces Dividend of $1.04

InterContinental Hotels Group PLC (LON:IHGGet Free Report) announced a dividend on Tuesday, February 20th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 4th will be given a dividend of $1.04 per share on Tuesday, May 14th. This represents a yield of 1.04%. The ex-dividend date is Thursday, April 4th. This is an increase from InterContinental Hotels Group’s previous dividend of $0.48. The official announcement can be viewed at this link.

InterContinental Hotels Group Stock Performance

LON:IHG opened at GBX 8,046 ($101.00) on Wednesday. The firm has a 50-day simple moving average of GBX 8,030.44 and a two-hundred day simple moving average of GBX 7,000.69. The firm has a market cap of £13.22 billion, a P/E ratio of 2,297.71, a P/E/G ratio of 1.86 and a beta of 0.98. InterContinental Hotels Group has a fifty-two week low of GBX 5,178 ($65.00) and a fifty-two week high of GBX 8,790 ($110.34).

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup reissued a “sell” rating on shares of InterContinental Hotels Group in a report on Thursday, February 22nd. JPMorgan Chase & Co. raised their price objective on shares of InterContinental Hotels Group from GBX 5,400 ($67.79) to GBX 6,100 ($76.58) and gave the stock an “underweight” rating in a report on Tuesday, February 27th. Berenberg Bank raised their price objective on shares of InterContinental Hotels Group from GBX 6,000 ($75.32) to GBX 7,400 ($92.89) and gave the stock a “hold” rating in a report on Wednesday, February 28th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,400 ($80.34) price objective on shares of InterContinental Hotels Group in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 6,415 ($80.53).

Get Our Latest Stock Analysis on InterContinental Hotels Group

About InterContinental Hotels Group

(Get Free Report)

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.

See Also

Dividend History for InterContinental Hotels Group (LON:IHG)

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