InterContinental Hotels Group (LON:IHG) Share Price Crosses Above 200 Day Moving Average of $7,194.71

InterContinental Hotels Group PLC (LON:IHG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7,194.71 ($88.87) and traded as high as GBX 8,112 ($100.20). InterContinental Hotels Group shares last traded at GBX 8,002 ($98.84), with a volume of 305,050 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IHG. JPMorgan Chase & Co. lifted their target price on InterContinental Hotels Group from GBX 5,400 ($66.70) to GBX 6,100 ($75.35) and gave the company an “underweight” rating in a research note on Tuesday, February 27th. Berenberg Bank lifted their target price on InterContinental Hotels Group from GBX 6,000 ($74.11) to GBX 7,400 ($91.40) and gave the company a “hold” rating in a research note on Wednesday, February 28th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,400 ($79.05) target price on shares of InterContinental Hotels Group in a research note on Tuesday, February 20th. Finally, Citigroup reiterated a “sell” rating on shares of InterContinental Hotels Group in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, InterContinental Hotels Group currently has an average rating of “Hold” and an average target price of GBX 6,415 ($79.24).

InterContinental Hotels Group Stock Down 1.5 %

The firm has a market cap of £13.14 billion, a PE ratio of 2,286.29, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. The stock has a 50 day moving average price of GBX 8,141.68 and a two-hundred day moving average price of GBX 7,194.71.

InterContinental Hotels Group Increases Dividend

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