InterContinental Hotels Group PLC (IHG) Sees Large Volume Increase
InterContinental Hotels Group PLC (NYSE:IHG) shares saw unusually-strong trading volume on Friday . Approximately 318,337 shares traded hands during mid-day trading, an increase of 95% from the previous session’s volume of 163,191 shares.The stock last traded at $43.86 and had previously closed at $43.47.
A number of analysts recently issued reports on IHG shares. Beaufort Securities reissued a “buy” rating on shares of InterContinental Hotels Group PLC in a research report on Monday, May 9th. Goldman Sachs Group Inc. cut InterContinental Hotels Group PLC from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 21st. Zacks Investment Research cut InterContinental Hotels Group PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of InterContinental Hotels Group PLC in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 50 ($0.65).
The company has a market capitalization of $10.01 billion and a P/E ratio of 8.91. The firm has a 50 day moving average price of $42.18 and a 200-day moving average price of $42.93.
The business also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.295 per share. 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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