InterContinental Hotels Group PLC (IHG) Sees Unusually-High Trading Volume
InterContinental Hotels Group PLC (NYSE:IHG) saw an uptick in trading volume on Friday . 427,161 shares changed hands during 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.
A number of brokerages recently commented on IHG. Beaufort Securities reaffirmed a “buy” rating on shares of InterContinental Hotels Group PLC in a research report on Monday, May 9th. Zacks Investment Research downgraded InterContinental Hotels Group PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Goldman Sachs Group Inc. downgraded InterContinental Hotels Group PLC from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 21st. Finally, Citigroup Inc. reissued a “neutral” rating on shares of InterContinental Hotels Group PLC in a research report on Wednesday, August 3rd. Two investment 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 an average rating of “Hold” and an average target price of GBX 50 ($0.66).
The company has a 50-day moving average price of $41.43 and a 200-day moving average price of $42.80. The company has a market capitalization of $9.98 billion and a PE ratio of 8.88.
The business also recently declared a dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 2nd will be given 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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