InterContinental Hotels Group (LON:IHG) Shares Cross Above Two Hundred Day Moving Average of $7,130.11

InterContinental Hotels Group PLC (LON:IHG)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7,130.11 ($88.76) and traded as high as GBX 7,908 ($98.44). InterContinental Hotels Group shares last traded at GBX 7,794 ($97.02), with a volume of 254,573 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Berenberg Bank increased their price target on InterContinental Hotels Group from GBX 6,000 ($74.69) to GBX 7,400 ($92.12) and gave the stock a “hold” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. increased their price target on InterContinental Hotels Group from GBX 5,400 ($67.22) to GBX 6,100 ($75.94) and gave the company an “underweight” rating in a research note on Tuesday, February 27th. Citigroup reaffirmed a “sell” rating on shares of InterContinental Hotels Group in a research report on Thursday, February 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,400 ($79.67) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, InterContinental Hotels Group currently has a consensus rating of “Hold” and a consensus price target of GBX 6,415 ($79.86).

InterContinental Hotels Group Trading Up 0.4 %

The business has a 50-day moving average of GBX 8,113.40 and a 200 day moving average of GBX 7,130.11. The firm has a market capitalization of £12.80 billion, a P/E ratio of 2,226.86, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Thursday, April 4th will be issued a dividend of $1.04 per share. This is a positive change from InterContinental Hotels Group’s previous dividend of $0.48. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, April 4th. InterContinental Hotels Group’s payout ratio is currently 3,457.14%.

InterContinental Hotels Group Company Profile

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.