InterContinental Hotels Group PLC (IHG) Sees Large Volume Increase
InterContinental Hotels Group PLC (NYSE:IHG) saw strong trading volume on Thursday . 321,696 shares traded hands during 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.
A number of analysts have recently issued reports on the stock. Citigroup Inc. reiterated a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Goldman Sachs Group Inc. lowered shares of InterContinental Hotels Group PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Zacks Investment Research upgraded shares of InterContinental Hotels Group PLC from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 4th. Finally, Beaufort Securities reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. InterContinental Hotels Group PLC has an average rating of “Hold” and an average price target of GBX 50 ($0.64).
The firm has a 50 day moving average price of $40.56 and a 200-day moving average price of $42.65. The company has a market capitalization of $10.17 billion and a price-to-earnings ratio of 9.05.
The firm also recently announced 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.
A hedge fund recently raised its stake in InterContinental Hotels Group PLC stock. Dimensional Fund Advisors LP boosted its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 171,802 shares of the company’s stock after buying an additional 910 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of InterContinental Hotels Group PLC worth $6,656,000 as of its most recent filing with the SEC.
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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