InterContinental Hotels Group PLC (IHG) Sees Strong Trading Volume
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.