InterContinental Hotels Group PLC (LON:IHG) Receives Consensus Rating of “Hold” from Brokerages

InterContinental Hotels Group PLC (LON:IHGGet Rating) has been given an average rating of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 5,542 ($72.22).

A number of brokerages recently weighed in on IHG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 5,610 ($73.10) price objective on shares of InterContinental Hotels Group in a research note on Wednesday, February 23rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of InterContinental Hotels Group in a research note on Tuesday, March 8th. Morgan Stanley restated an “equal weight” rating and set a GBX 5,500 ($71.67) price objective on shares of InterContinental Hotels Group in a research note on Thursday. Berenberg Bank restated a “buy” rating and set a GBX 5,700 ($74.28) price objective on shares of InterContinental Hotels Group in a research note on Wednesday, March 23rd. Finally, Barclays restated an “overweight” rating and set a GBX 5,700 ($74.28) price objective on shares of InterContinental Hotels Group in a research note on Thursday, April 7th.

Shares of LON IHG opened at GBX 5,192 ($67.66) on Friday. InterContinental Hotels Group has a fifty-two week low of GBX 4,300 ($56.03) and a fifty-two week high of GBX 5,376 ($70.05). The firm’s 50-day simple moving average is GBX 5,043.61 and its 200 day simple moving average is GBX 4,911.18. The stock has a market cap of ¬£9.55 billion and a P/E ratio of 46.69.

The firm 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. This represents a yield of 1.29%. The ex-dividend date is Thursday, March 31st.

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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