InterContinental Hotels Group PLC (LON:IHG) was downgraded by Bryan, Garnier & Co to a “sell” rating in a research report issued on Tuesday. They currently have a GBX 2,950 ($38.51) price target on the stock, up from their prior price target of GBX 2,650 ($34.59). Bryan, Garnier & Co’s target price would suggest a potential downside of 5.48% from the stock’s current price.
IHG has been the topic of a number of other reports. HSBC initiated coverage on InterContinental Hotels Group PLC in a research report on Monday, September 19th. They set a “reduce” rating and a GBX 2,900 ($37.85) price target on the stock. Berenberg Bank increased their price target on InterContinental Hotels Group PLC from GBX 2,850 ($37.20) to GBX 3,000 ($39.16) and gave the stock a “hold” rating in a research report on Thursday, September 15th. Credit Suisse Group AG increased their price target on InterContinental Hotels Group PLC from GBX 3,500 ($45.69) to GBX 3,550 ($46.34) and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. Kepler Capital Markets reiterated a “hold” rating and set a GBX 2,800 ($36.55) price target on shares of InterContinental Hotels Group PLC in a research report on Wednesday, July 6th. Finally, Deutsche Bank AG dropped their price target on InterContinental Hotels Group PLC from GBX 2,770 ($36.16) to GBX 2,660 ($34.72) and set a “hold” rating on the stock in a research report on Tuesday, June 28th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. InterContinental Hotels Group PLC has an average rating of “Hold” and a consensus target price of GBX 2,871.42 ($37.48).
Shares of InterContinental Hotels Group PLC (LON:IHG) opened at 3121.00 on Tuesday. The stock’s 50 day moving average price is GBX 3,261.30 and its 200 day moving average price is GBX 3,062.79. InterContinental Hotels Group PLC has a 12 month low of GBX 2,162.48 and a 12 month high of GBX 3,376.00. The firm’s market cap is GBX 7.12 billion.
The business also recently disclosed a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be paid a dividend of GBX 22.60 ($0.30) per share. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 1st.
In other news, insider Solomons,Richard sold 55,782 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of GBX 3,078 ($40.18), for a total transaction of £1,716,969.96 ($2,241,182.56).
InterContinental Hotels Group PLC Company Profile
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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