InterContinental Hotels Group PLC (NYSE:IHG) shares saw unusually-high trading volume on Friday . Approximately 427,161 shares were traded during mid-day trading, an increase of 169% from the previous session’s volume of 158,949 shares.The stock last traded at $43.78 and had previously closed at $44.13.

IHG has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of InterContinental Hotels Group PLC from a “strong sell” rating to a “hold” rating in a report on Thursday, August 4th. Citigroup Inc. reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. downgraded shares of InterContinental Hotels Group PLC from a “buy” rating to a “neutral” rating in a report on Tuesday, June 21st. Finally, Beaufort Securities restated a “buy” rating on shares of InterContinental Hotels Group PLC in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. InterContinental Hotels Group PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 50 ($0.66).

The stock’s 50 day moving average price is $41.24 and its 200 day moving average price is $42.77. The firm has a market capitalization of $9.98 billion and a P/E ratio of 8.88.

The company 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 is Wednesday, August 31st.

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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