InterContinental Hotels Group (LON:IHG) Stock Passes Above 200-Day Moving Average of $7,265.70

InterContinental Hotels Group PLC (LON:IHG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7,265.70 ($91.27) and traded as high as GBX 7,838 ($98.45). InterContinental Hotels Group shares last traded at GBX 7,726 ($97.05), with a volume of 511,745 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on IHG. JPMorgan Chase & Co. upped their price objective on InterContinental Hotels Group from GBX 5,400 ($67.83) to GBX 6,100 ($76.62) and gave the company an “underweight” rating in a report on Tuesday, February 27th. Berenberg Bank upped their price target on shares of InterContinental Hotels Group from GBX 6,000 ($75.37) to GBX 7,400 ($92.95) and gave the company a “hold” rating in a research note on Wednesday, February 28th. Citigroup reiterated a “sell” rating on shares of InterContinental Hotels Group in a research note on Thursday, February 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 6,400 ($80.39) target price on shares of InterContinental Hotels Group in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 6,415 ($80.58).

InterContinental Hotels Group Stock Down 2.1 %

The stock has a market capitalization of £12.69 billion, a price-to-earnings ratio of 2,207.43, a P/E/G ratio of 1.81 and a beta of 0.98. The business’s 50 day simple moving average is GBX 8,096.04 and its 200-day simple moving average is GBX 7,285.48.

InterContinental Hotels Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 4th will be paid a $1.04 dividend. This represents a yield of 1.04%. This is a boost from InterContinental Hotels Group’s previous dividend of $0.48. The ex-dividend date of this dividend is Thursday, April 4th. InterContinental Hotels Group’s dividend payout ratio (DPR) is 3,457.14%.

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.