InterContinental Hotels Group (IHG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of InterContinental Hotels Group (LON:IHG) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 4,460.83 ($62.62).

IHG has been the subject of a number of analyst reports. Barclays reiterated an “equal weight” rating and set a GBX 4,000 ($56.15) target price on shares of InterContinental Hotels Group in a research note on Thursday, December 21st. Liberum Capital boosted their target price on shares of InterContinental Hotels Group from GBX 4,600 ($64.57) to GBX 4,950 ($69.48) and gave the stock a “hold” rating in a research note on Monday, January 22nd. Deutsche Bank reiterated a “hold” rating and set a GBX 4,500 ($63.17) target price on shares of InterContinental Hotels Group in a research note on Wednesday, February 14th. Finally, HSBC boosted their target price on shares of InterContinental Hotels Group from GBX 3,800 ($53.34) to GBX 4,600 ($64.57) and gave the stock a “hold” rating in a research note on Friday, February 16th.

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Shares of IHG stock traded down GBX 35 ($0.49) on Friday, reaching GBX 4,290 ($60.22). 477,157 shares of the stock were exchanged, compared to its average volume of 648,968. InterContinental Hotels Group has a twelve month low of GBX 3,656 ($51.32) and a twelve month high of GBX 4,944 ($69.40).

The business also recently disclosed a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, March 29th will be paid a $0.71 dividend. This represents a yield of 1.1%. The ex-dividend date of this dividend is Thursday, March 29th. This is an increase from InterContinental Hotels Group’s previous dividend of $0.33.

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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, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, and Candlewood Suites brands.

Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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