InterContinental Hotels Group (LON:IHG) Stock Crosses Above 200-Day Moving Average of $5,242.47

InterContinental Hotels Group PLC (LON:IHG – Get Rating)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5,242.47 ($65.67) and traded as high as GBX 5,416 ($67.84). InterContinental Hotels Group shares last traded at GBX 5,362 ($67.17), with a volume of 354,537 shares trading hands.

Analyst Ratings Changes

IHG has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price objective on shares of InterContinental Hotels Group from GBX 5,500 ($68.90) to GBX 6,200 ($77.67) and gave the stock a “buy” rating in a research note on Wednesday, January 25th. Peel Hunt reaffirmed a “hold” rating and set a GBX 5,750 ($72.03) price target on shares of InterContinental Hotels Group in a research report on Tuesday, February 21st. Numis Securities reaffirmed an “add” rating and set a GBX 5,550 ($69.52) price target on shares of InterContinental Hotels Group in a research report on Wednesday, February 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 5,850 ($73.28) price target on shares of InterContinental Hotels Group in a research report on Tuesday, May 9th. Finally, Redburn Partners downgraded InterContinental Hotels Group to a “sell” rating in a research report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 5,836.67 ($73.11).

InterContinental Hotels Group Trading Down 1.1 %

The firm has a market cap of £9.21 billion, a price-to-earnings ratio of 3,249.70, a PEG ratio of 1.02 and a beta of 0.95. The company has a fifty day moving average price of GBX 5,382.16 and a 200-day moving average price of GBX 5,242.47.

InterContinental Hotels Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 16th. Stockholders of record on Thursday, March 30th were issued a $0.95 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Thursday, March 30th. This is a boost from InterContinental Hotels Group’s previous dividend of $0.44. InterContinental Hotels Group’s payout ratio is 6,909.09%.

Insider Activity at InterContinental Hotels Group

In related news, insider Paul Edgecliffe-Johnson sold 21,094 shares of InterContinental Hotels Group stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of GBX 5,521 ($69.16), for a total value of £1,164,599.74 ($1,458,849.73). In related news, insider Daniela Barone Soares purchased 150 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was acquired at an average cost of GBX 5,428 ($67.99) per share, for a total transaction of £8,142 ($10,199.17). Also, insider Paul Edgecliffe-Johnson sold 21,094 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of GBX 5,521 ($69.16), for a total value of £1,164,599.74 ($1,458,849.73). 4.82% 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, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.