InterContinental Hotels Group PLC (LON:IHG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7,930.05 ($106.19) and traded as high as GBX 8,406 ($112.56). InterContinental Hotels Group shares last traded at GBX 8,344 ($111.73), with a volume of 441,808 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on IHG shares. Berenberg Bank reiterated a "hold" rating and set a GBX 7,400 ($99.09) price objective on shares of InterContinental Hotels Group in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 8,300 ($111.14) price target on shares of InterContinental Hotels Group in a report on Thursday, August 1st. Finally, The Goldman Sachs Group raised shares of InterContinental Hotels Group to a "buy" rating in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of GBX 5,471 ($73.26).
Read Our Latest Research Report on InterContinental Hotels Group
InterContinental Hotels Group Stock Performance
The firm has a fifty day simple moving average of GBX 7,707.55 and a 200 day simple moving average of GBX 7,930.05. The company has a market cap of £13.23 billion, a PE ratio of 2,867.35, a PEG ratio of 1.65 and a beta of 0.98.
InterContinental Hotels Group Cuts Dividend
The business also recently declared a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, August 29th will be given a dividend of $0.53 per share. This represents a yield of 0.57%. The ex-dividend date is Thursday, August 29th. InterContinental Hotels Group's dividend payout ratio (DPR) is 4,295.53%.
Insider Buying and Selling at InterContinental Hotels Group
In other news, insider Ron Kalifa purchased 679 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of GBX 7,624 ($102.09) per share, with a total value of £51,766.96 ($69,318.37). 6.01% of the stock is owned by company insiders.
InterContinental Hotels Group Company Profile
(
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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.
Further Reading
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