InterContinental Hotels Group PLC (LON:IHG) Receives Consensus Rating of “Hold” from Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given an average recommendation of “Hold” by the five research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 5,898.75 ($77.78).

A number of equities analysts have weighed in on IHG shares. Deutsche Bank Aktiengesellschaft upgraded InterContinental Hotels Group to a “hold” rating and upped their price target for the stock from GBX 7,750 ($102.19) to GBX 8,000 ($105.49) in a report on Monday. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 95 ($1.25) price target on shares of InterContinental Hotels Group in a research note on Tuesday, February 18th. Citigroup cut their price objective on shares of InterContinental Hotels Group from GBX 8,900 ($117.35) to GBX 7,500 ($98.89) and set a “sell” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 7,800 ($102.85) target price on shares of InterContinental Hotels Group in a research note on Thursday, February 20th.

InterContinental Hotels Group Stock Up 0.4 %

Shares of IHG traded up GBX 29.07 ($0.38) during midday trading on Tuesday, reaching GBX 7,773.07 ($102.49). 819,421 shares of the company were exchanged, compared to its average volume of 4,395,069. InterContinental Hotels Group has a 1-year low of GBX 7,032 ($92.72) and a 1-year high of £109.75 ($144.71). The stock has a 50-day moving average price of GBX 9,046.86 and a 200-day moving average price of GBX 9,259.82. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. The company has a market cap of £15.58 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a $1.14 dividend. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from InterContinental Hotels Group’s previous dividend of $0.53. InterContinental Hotels Group’s dividend payout ratio is 41.03%.

Insider Buying and Selling

In other news, insider Byron Elmer Grote purchased 400 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of £127.25 ($167.79) per share, with a total value of £50,900 ($67,114.98). Insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.