Brokerages Set InterContinental Hotels Group PLC (LON:IHG) Price Target at GBX 6,415

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given an average rating of “Hold” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 6,415 ($80.59).

A number of research firms have recently weighed in on IHG. Berenberg Bank raised their price target on InterContinental Hotels Group from GBX 6,000 ($75.38) to GBX 7,400 ($92.96) and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,400 ($80.40) target price on shares of InterContinental Hotels Group in a research report on Tuesday, February 20th. Citigroup reaffirmed a “sell” rating on shares of InterContinental Hotels Group in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of InterContinental Hotels Group from GBX 5,400 ($67.84) to GBX 6,100 ($76.63) and gave the stock an “underweight” rating in a report on Tuesday, February 27th.

InterContinental Hotels Group Trading Up 2.3 %

Shares of IHG stock opened at GBX 7,902 ($99.27) on Friday. The company has a market capitalization of £12.98 billion, a price-to-earnings ratio of 2,257.71, a P/E/G ratio of 1.81 and a beta of 0.98. InterContinental Hotels Group has a 1-year low of GBX 5,178 ($65.05) and a 1-year high of GBX 8,790 ($110.43). The stock’s fifty day simple moving average is GBX 8,061.96 and its 200-day simple moving average is GBX 7,318.82.

InterContinental Hotels Group Increases Dividend

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

About InterContinental Hotels Group

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.