InterContinental Hotels Group PLC (LON:IHG) Receives Average Rating of “Buy” from Analysts

Shares of InterContinental Hotels Group PLC (LON:IHG – Get Rating) have been given a consensus rating of “Buy” by the six brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 5,650 ($69.66).

IHG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 5,700 ($70.27) target price on shares of InterContinental Hotels Group in a research note on Monday. Morgan Stanley restated an “equal weight” rating and set a GBX 5,500 ($67.81) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, April 26th. Barclays restated an “overweight” rating and set a GBX 5,700 ($70.27) price objective on shares of InterContinental Hotels Group in a research report on Thursday, May 5th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 6,100 ($75.21) price objective on shares of InterContinental Hotels Group in a research report on Monday. Finally, Berenberg Bank restated a “buy” rating and set a GBX 5,700 ($70.27) price objective on shares of InterContinental Hotels Group in a research report on Wednesday, March 23rd.

IHG opened at GBX 4,786 ($59.01) on Tuesday. The firm has a fifty day moving average price of GBX 5,065.87 and a 200 day moving average price of GBX 4,947.76. InterContinental Hotels Group has a 1 year low of GBX 4,300 ($53.01) and a 1 year high of GBX 5,386 ($66.40). The stock has a market cap of £8.81 billion and a P/E ratio of 40.84.

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

InterContinental Hotels Group Company Profile (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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