InterContinental Hotels Group PLC (LON:IHG) Given Average Rating of "Reduce" by Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG - Get Free Report) have received an average recommendation of "Reduce" from the six analysts that are covering the stock, Marketbeat Ratings reports. Two investment 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 twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 6,159 ($81.89).

Several analysts have weighed in on the company. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 95 ($1.26) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a GBX 7,800 ($103.71) price target on shares of InterContinental Hotels Group in a report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised shares of InterContinental Hotels Group to a "hold" rating and raised their price target for the stock from GBX 7,750 ($103.04) to GBX 8,000 ($106.37) in a report on Monday. Finally, Citigroup lowered their price objective on shares of InterContinental Hotels Group from GBX 8,900 ($118.34) to GBX 7,500 ($99.72) and set a "sell" rating for the company in a research note on Tuesday.

InterContinental Hotels Group Trading Down 0.7 %

Shares of LON IHG traded down GBX 52 ($0.69) during midday trading on Tuesday, reaching GBX 7,592 ($100.94). The company had a trading volume of 645,992 shares, compared to its average volume of 4,296,355. The firm's fifty day moving average price is GBX 8,794.08 and its 200-day moving average price is GBX 9,235.92. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. InterContinental Hotels Group has a one year low of GBX 7,032 ($93.50) and a one year high of £109.75 ($145.92). 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 announced a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be given a $1.14 dividend. This represents a dividend yield of 1.03%. This is a boost from InterContinental Hotels Group's previous dividend of $0.53. The ex-dividend date is Thursday, April 3rd. InterContinental Hotels Group's dividend payout ratio (DPR) is currently 41.03%.

Insider Activity at InterContinental Hotels Group

In other news, insider Byron Elmer Grote purchased 400 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were bought 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 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.