InterContinental Hotels Group (LON:IHG) Receives Overweight Rating from Barclays

Barclays reaffirmed their overweight rating on shares of InterContinental Hotels Group (LON:IHGGet Rating) in a report released on Thursday, Marketbeat.com reports. They currently have a GBX 5,700 ($74.75) price objective on the stock.

A number of other equities research analysts have also weighed in on IHG. Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 5,610 ($73.57) price objective on shares of InterContinental Hotels Group in a research report on Wednesday, February 23rd. JPMorgan Chase & Co. restated an overweight rating on shares of InterContinental Hotels Group in a research report on Tuesday, March 8th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 5,700 ($74.75) price target on shares of InterContinental Hotels Group in a research report on Wednesday, March 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Buy and an average price target of GBX 5,662 ($74.26).

Shares of IHG stock opened at GBX 4,922 ($64.55) on Thursday. The firm has a market capitalization of £9.06 billion and a P/E ratio of 44.62. InterContinental Hotels Group has a twelve month low of GBX 4,300 ($56.39) and a twelve month high of GBX 5,376 ($70.50). The stock’s fifty day simple moving average is GBX 5,034.39 and its 200 day simple moving average is GBX 4,899.19.

The business also recently declared a dividend, which will be paid on Tuesday, May 17th. Shareholders of record on Thursday, March 31st will be given a $0.86 dividend. The ex-dividend date is Thursday, March 31st. This represents a dividend yield of 1.29%.

About InterContinental Hotels Group (Get Rating)

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, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.

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Analyst Recommendations for InterContinental Hotels Group (LON:IHG)

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