InterContinental Hotels Group PLC (LON:IHG - Get Free Report) insider Daniela Barone Soares sold 328 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($111.58), for a total transaction of £28,221.12 ($36,598.52).
InterContinental Hotels Group Stock Performance
Shares of InterContinental Hotels Group stock traded down GBX 14 ($0.18) during trading on Thursday, reaching GBX 8,562 ($111.04). 386,727 shares of the company's stock were exchanged, compared to its average volume of 641,641. The company has a market cap of £13.57 billion, a P/E ratio of 2,896.95, a PEG ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group PLC has a 1-year low of GBX 5,636 ($73.09) and a 1-year high of GBX 8,790 ($113.99). The firm's 50-day moving average price is GBX 8,071.63 and its 200 day moving average price is GBX 7,980.72.
InterContinental Hotels Group Cuts Dividend
The company also recently declared a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, August 29th were paid a dividend of $0.53 per share. This represents a yield of 0.57%. The ex-dividend date was Thursday, August 29th. InterContinental Hotels Group's dividend payout ratio (DPR) is currently 4,237.29%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on IHG. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 8,300 ($107.64) price target on shares of InterContinental Hotels Group in a research note on Thursday, August 1st. The Goldman Sachs Group upgraded InterContinental Hotels Group to a "buy" rating in a report on Wednesday, September 18th. Finally, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 7,400 ($95.97) price target on shares of InterContinental Hotels Group in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, three have assigned 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 target price of GBX 5,471 ($70.95).
Check Out Our Latest Stock Report on IHG
About InterContinental Hotels Group
(
Get Free Report)
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.
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