InterContinental Hotels Group PLC (IHG) Sees Large Volume Increase
Shares of InterContinental Hotels Group PLC (NYSE:IHG) saw unusually-high trading volume on Thursday . Approximately 321,696 shares traded hands during mid-day trading, an increase of 110% from the previous session’s volume of 153,261 shares.The stock last traded at $44.28 and had previously closed at $43.78.
IHG has been the subject of a number of recent analyst reports. Beaufort Securities reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a report on Monday, May 9th. Zacks Investment Research lowered shares of InterContinental Hotels Group PLC from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Goldman Sachs Group Inc. lowered shares of InterContinental Hotels Group PLC from a “buy” rating to a “neutral” rating in a report on Tuesday, June 21st. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 50 ($0.64).
The firm has a 50 day moving average price of $40.36 and a 200-day moving average price of $42.62. The firm has a market cap of $10.09 billion and a PE ratio of 8.98.
The firm also recently announced a dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 2nd will be issued a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, August 31st.
An institutional investor recently raised its position in InterContinental Hotels Group PLC stock. Dimensional Fund Advisors LP raised its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,802 shares of the company’s stock after buying an additional 910 shares during the period. Dimensional Fund Advisors LP owned 0.07% of InterContinental Hotels Group PLC worth $6,656,000 as of its most recent SEC filing.
InterContinental Hotels Group PLC is a hotel company. The Company operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s segments include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Company operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
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