Analysts Set InterContinental Hotels Group PLC (LON:IHG) Target Price at GBX 6,159

Shares of InterContinental Hotels Group PLC (LON:IHG) have earned an average recommendation of “Reduce” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 6,159 ($81.71).

A number of equities analysts have commented on IHG shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 7,800 ($103.48) price target on shares of InterContinental Hotels Group in a research note on Thursday, February 20th. Citigroup cut their price objective on InterContinental Hotels Group from GBX 8,900 ($118.07) to GBX 7,500 ($99.50) and set a “sell” rating on the stock in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded InterContinental Hotels Group to a “hold” rating and upped their target price for the stock from GBX 7,750 ($102.81) to GBX 8,000 ($106.13) in a report on Monday, April 14th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 95 ($1.26) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, February 18th.

InterContinental Hotels Group Stock Up 0.8%

Shares of IHG opened at GBX 9,250 ($122.71) on Friday. InterContinental Hotels Group has a 1 year low of GBX 7,032 ($93.29) and a 1 year high of £109.75 ($145.60). The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The stock has a 50 day simple moving average of GBX 8,199.19 and a two-hundred day simple moving average of GBX 9,227.97. The firm has a market cap of £18.54 billion, a P/E ratio of 30.36, a P/E/G ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $1.14 per share. This is a boost from InterContinental Hotels Group’s previous dividend of $0.53. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a yield of 1.03%. InterContinental Hotels Group’s dividend payout ratio (DPR) is presently 41.03%.

Insider Activity at InterContinental Hotels Group

In other news, insider Byron Elmer Grote acquired 400 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of £127.25 ($168.81) per share, with a total value of £50,900 ($67,524.54). 5.99% of the stock is owned by corporate insiders.

InterContinental Hotels Group Company Profile

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.