Kepler Capital Markets Reaffirms “Reduce” Rating for InterContinental Hotels Group PLC (IHG)
Kepler Capital Markets reaffirmed their reduce rating on shares of InterContinental Hotels Group PLC (LON:IHG) in a report published on Tuesday. Kepler Capital Markets currently has a GBX 3,656 ($49.29) price target on the stock.
Several other brokerages have also recently issued reports on IHG. Credit Suisse Group cut InterContinental Hotels Group PLC to a neutral rating and upped their target price for the company from GBX 4,500 ($60.67) to GBX 4,600 ($62.02) in a report on Monday, June 19th. Deutsche Bank AG restated a hold rating on shares of InterContinental Hotels Group PLC in a report on Thursday, June 8th. Numis Securities Ltd restated a hold rating and issued a GBX 4,200 ($56.63) target price on shares of InterContinental Hotels Group PLC in a report on Tuesday, August 8th. Liberum Capital restated a hold rating and issued a GBX 4,600 ($62.02) target price on shares of InterContinental Hotels Group PLC in a report on Tuesday, August 8th. Finally, Morgan Stanley cut InterContinental Hotels Group PLC from an equal rating to an underweight rating and upped their target price for the company from GBX 3,800 ($51.23) to GBX 4,300 ($57.97) in a report on Thursday, June 15th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 3,836.07 ($51.72).
Shares of InterContinental Hotels Group PLC (IHG) opened at 3770.00 on Tuesday. The company’s market capitalization is GBX 7.39 billion. The company has a 50-day moving average price of GBX 3,947.41 and a 200-day moving average price of GBX 4,152.37. InterContinental Hotels Group PLC has a 12 month low of GBX 2,957.20 and a 12 month high of GBX 4,492.00.
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The firm also recently declared a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, August 31st will be paid a $0.33 dividend. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, August 31st.
About InterContinental Hotels Group PLC
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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