InterContinental Hotels Group PLC (IHG) Earns “Reduce” Rating from Kepler Capital Markets
Kepler Capital Markets reiterated their reduce rating on shares of InterContinental Hotels Group PLC (LON:IHG) in a research note issued to investors on Friday morning. They currently have a GBX 3,750 ($49.83) price objective on the stock.
Several other research analysts have also recently issued reports on the stock. Morgan Stanley reduced their target price on shares of InterContinental Hotels Group PLC from GBX 4,000 ($53.15) to GBX 3,700 ($49.16) and set an underweight rating for the company in a report on Tuesday, September 5th. Liberum Capital initiated coverage on shares of InterContinental Hotels Group PLC in a report on Wednesday, July 5th. They set a hold rating and a GBX 4,600 ($61.12) target price for the company. Deutsche Bank AG raised their target price on shares of InterContinental Hotels Group PLC from GBX 3,500 ($46.51) to GBX 4,000 ($53.15) and gave the stock a hold rating in a report on Wednesday, August 2nd. Barclays PLC reissued an equal weight rating and set a GBX 4,000 ($53.15) target price on shares of InterContinental Hotels Group PLC in a report on Thursday, July 27th. Finally, J P Morgan Chase & Co raised their target price on shares of InterContinental Hotels Group PLC from GBX 3,415 ($45.38) to GBX 3,450 ($45.84) and gave the stock an underweight rating in a report on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 3,916.79 ($52.04).
Shares of InterContinental Hotels Group PLC (LON IHG) opened at 4079.00 on Friday. InterContinental Hotels Group PLC has a 1-year low of GBX 2,957.20 and a 1-year high of GBX 4,492.00. The stock has a 50 day moving average price of GBX 3,909.00 and a 200 day moving average price of GBX 4,144.69. The stock’s market capitalization is GBX 7.99 billion.
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The company also recently disclosed a dividend, which was paid on Friday, October 6th. Shareholders of record on Thursday, August 31st were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a yield of 0.61%.
InterContinental Hotels Group PLC Company Profile
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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