InterContinental Hotels Group PLC (IHG) Receives “Hold” Rating from Kepler Capital Markets
Kepler Capital Markets restated their hold rating on shares of InterContinental Hotels Group PLC (LON:IHG) in a research note issued to investors on Friday. The firm currently has a GBX 3,074 ($40.13) price target on the stock.
A number of other brokerages have also recently issued reports on IHG. Goldman Sachs Group Inc. cut shares of InterContinental Hotels Group PLC to an underweight rating and cut their target price for the stock from GBX 3,300 ($43.08) to GBX 3,100 ($40.46) in a research report on Monday, September 26th. Morgan Stanley cut shares of InterContinental Hotels Group PLC from an equal rating to an underweight rating and cut their target price for the stock from GBX 3,300 ($43.08) to GBX 3,100 ($40.46) in a research report on Monday, September 26th. HSBC initiated coverage on shares of InterContinental Hotels Group PLC in a research report on Monday, September 19th. They issued a reduce rating and a GBX 2,900 ($37.85) price objective for the company. Berenberg Bank boosted their price objective on shares of InterContinental Hotels Group PLC from GBX 2,850 ($37.20) to GBX 3,000 ($39.16) and gave the company a hold rating in a research report on Thursday, September 15th. Finally, Credit Suisse Group AG boosted their price objective on shares of InterContinental Hotels Group PLC from GBX 3,500 ($45.69) to GBX 3,550 ($46.34) and gave the company an outperform rating in a research report on Tuesday, September 13th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 2,871.42 ($37.48).
Shares of InterContinental Hotels Group PLC (LON:IHG) opened at 3265.00 on Friday. InterContinental Hotels Group PLC has a 12-month low of GBX 2,162.48 and a 12-month high of GBX 3,376.00. The firm’s market capitalization is GBX 7.44 billion. The firm’s 50-day moving average is GBX 3,250.41 and its 200-day moving average is GBX 3,058.39.
The firm also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 1st will be paid a dividend of GBX 22.60 ($0.30) per share. The ex-dividend date is Thursday, September 1st. This represents a yield of 0.73%.
In other InterContinental Hotels Group PLC news, insider Solomons,Richard sold 55,782 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of GBX 3,078 ($40.18), for a total transaction of £1,716,969.96 ($2,241,182.56).
About InterContinental Hotels Group PLC
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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