InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group AG in a note issued to investors on Friday. They currently have a GBX 3,550 ($46.34) price target on the stock. Credit Suisse Group AG’s target price would indicate a potential upside of 8.26% from the company’s current price.
Other research analysts also recently issued reports about the company. Beaufort Securities restated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Barclays PLC restated an “equal weight” rating and issued a GBX 2,400 ($31.33) price target on shares of InterContinental Hotels Group PLC in a research note on Wednesday, August 3rd. Morgan Stanley raised their price target on InterContinental Hotels Group PLC from GBX 3,050 ($39.81) to GBX 3,300 ($43.08) and gave the company an “equal weight” rating in a research note on Monday, August 8th. Numis Securities Ltd restated a “hold” rating and issued a GBX 2,700 ($35.24) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 2nd. Finally, Panmure Gordon restated a “hold” rating and issued a GBX 2,800 ($36.55) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 2nd. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,871.42 ($37.48).
InterContinental Hotels Group PLC (LON:IHG) opened at 3330.00 on Friday. InterContinental Hotels Group PLC has a 1-year low of GBX 2,162.48 and a 1-year high of GBX 3,376.00. The firm’s 50-day moving average price is GBX 3,250.67 and its 200 day moving average price is GBX 3,058.97. The firm’s market capitalization is GBX 7.59 billion.
The firm also recently declared a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be issued a dividend of GBX 22.60 ($0.30) per share. The ex-dividend date is Thursday, September 1st. This represents a dividend yield of 0.73%.
In other news, insider Solomons,Richard sold 55,782 shares of the business’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).
About InterContinental Hotels Group PLC
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.
Receive News & Ratings for InterContinental Hotels Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.