InterContinental Hotels Group PLC (NYSE:IHG) has received an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $67.13.
IHG has been the topic of a number of recent research reports. ValuEngine upgraded shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Morgan Stanley upgraded shares of InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Friday, February 23rd. Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Finally, Credit Suisse Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 1st.
Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Gravity Companies Inc. purchased a new stake in InterContinental Hotels Group in the fourth quarter worth about $143,000. US Bancorp DE grew its holdings in shares of InterContinental Hotels Group by 30.9% during the fourth quarter. US Bancorp DE now owns 3,332 shares of the company’s stock valued at $212,000 after buying an additional 786 shares during the last quarter. Harbor Advisors LLC purchased a new stake in shares of InterContinental Hotels Group during the fourth quarter valued at approximately $218,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of InterContinental Hotels Group during the third quarter valued at approximately $220,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of InterContinental Hotels Group during the second quarter valued at approximately $233,000. Institutional investors and hedge funds own 6.40% of the company’s stock.
The firm also recently disclosed a None dividend, which will be paid on Friday, May 11th. Shareholders of record on Tuesday, April 3rd will be issued a $0.695 dividend. The ex-dividend date is Monday, April 2nd.
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About InterContinental Hotels Group
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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