InterContinental Hotels Group PLC (LON:IHG) Receives GBX 5,898.75 Average PT from Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG) have been given a consensus recommendation of “Reduce” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 6,159 ($81.72).

A number of analysts recently weighed in on IHG shares. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 95 ($1.26) price target on shares of InterContinental Hotels Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 7,800 ($103.49) price target on shares of InterContinental Hotels Group in a report on Thursday, February 20th. Citigroup decreased their target price on shares of InterContinental Hotels Group from GBX 8,900 ($118.08) to GBX 7,500 ($99.51) and set a “sell” rating for the company in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group to a “hold” rating and boosted their price target for the stock from GBX 7,750 ($102.83) to GBX 8,000 ($106.14) in a research report on Monday.

Insider Activity at InterContinental Hotels Group

In related news, insider Byron Elmer Grote bought 400 shares of InterContinental Hotels Group stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of £127.25 ($168.83) per share, with a total value of £50,900 ($67,533.50). 5.99% of the stock is currently owned by corporate insiders.

InterContinental Hotels Group Stock Down 0.7 %

Shares of InterContinental Hotels Group stock opened at GBX 7,592 ($100.73) on Tuesday. InterContinental Hotels Group has a 12 month low of GBX 7,032 ($93.30) and a 12 month high of £109.75 ($145.61). The business has a fifty day simple moving average of GBX 8,855.85 and a 200 day simple moving average of GBX 9,247.41. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The stock has a market cap of £15.22 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a $1.14 dividend. This is a boost from InterContinental Hotels Group’s previous dividend of $0.53. This represents a yield of 1.03%. The ex-dividend date is Thursday, April 3rd. InterContinental Hotels Group’s dividend payout ratio is currently 41.03%.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.