Deutsche Bank Aktiengesellschaft Upgrades InterContinental Hotels Group (LON:IHG) to "Hold"

Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group (LON:IHG - Free Report) to a hold rating in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage currently has GBX 8,000 ($106.37) price objective on the stock, up from their previous price objective of GBX 7,750 ($103.04).

IHG has been the topic of a number of other research reports. Jefferies Financial Group reiterated a "hold" rating and set a GBX 95 ($1.26) price target on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. Citigroup cut their target price on InterContinental Hotels Group from GBX 8,900 ($118.34) to GBX 7,500 ($99.72) and set a "sell" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a GBX 7,800 ($103.71) price target on shares of InterContinental Hotels Group in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 6,159 ($81.89).

InterContinental Hotels Group Trading Down 0.7 %

LON IHG traded down GBX 52 ($0.69) during trading hours on Monday, reaching GBX 7,592 ($100.94). The company's stock had a trading volume of 645,992 shares, compared to its average volume of 4,296,355. The firm has a fifty day simple moving average of GBX 8,794.08 and a 200-day simple moving average of GBX 9,235.92. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. InterContinental Hotels Group has a 52 week low of GBX 7,032 ($93.50) and a 52 week high of £109.75 ($145.92). The stock has a market cap of £15.22 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

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

Insider Activity

In other InterContinental Hotels Group news, insider Byron Elmer Grote bought 400 shares of the stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of £127.25 ($169.19) per share, for a total transaction of £50,900 ($67,677.17). 5.99% of the stock is owned by company 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.