InterContinental Hotels Group PLC (IHG) Receives GBX 3,837.57 Average Price Target from Analysts

InterContinental Hotels Group PLC (LON:IHG) has been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,837.57 ($49.56).

IHG has been the topic of a number of research analyst reports. Citigroup Inc. cut their price target on shares of InterContinental Hotels Group PLC from GBX 4,400 ($56.83) to GBX 3,900 ($50.37) and set a “neutral” rating on the stock in a report on Tuesday. Deutsche Bank AG restated a “hold” rating on shares of InterContinental Hotels Group PLC in a report on Tuesday, May 23rd. Morgan Stanley cut their price target on shares of InterContinental Hotels Group PLC from GBX 4,000 ($51.66) to GBX 3,700 ($47.79) and set an “underweight” rating on the stock in a report on Tuesday, September 5th. Barclays PLC restated an “equal weight” rating and issued a GBX 4,000 ($51.66) price target on shares of InterContinental Hotels Group PLC in a report on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of InterContinental Hotels Group PLC in a report on Monday, September 11th.

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InterContinental Hotels Group PLC (LON:IHG) traded down 1.98% during midday trading on Wednesday, hitting GBX 3668.00. 603,101 shares of the stock traded hands. The company’s market cap is GBX 7.19 billion. InterContinental Hotels Group PLC has a 52-week low of GBX 3,088.63 and a 52-week high of GBX 4,492.00. The firm’s 50-day moving average is GBX 3,980.35 and its 200-day moving average is GBX 4,154.17.

The company also recently declared a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.33 per share. This represents a dividend yield of 0.61%. The ex-dividend date is Thursday, August 31st.

About InterContinental Hotels Group PLC

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Analyst Recommendations for InterContinental Hotels Group PLC (LON:IHG)

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