InterContinental Hotels Group (LON:IHG) Stock Passes Above 200-Day Moving Average of $7,265.70

InterContinental Hotels Group PLC (LON:IHG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7,265.70 ($91.27) and traded as high as GBX 7,838 ($98.45). InterContinental Hotels Group shares last traded at GBX 7,726 ($97.05), with a volume of 511,745 shares.

Wall Street Analyst Weigh In

A number of research analysts have commented on IHG shares. JPMorgan Chase & Co. upped their price objective on InterContinental Hotels Group from GBX 5,400 ($67.83) to GBX 6,100 ($76.62) and gave the company an “underweight” rating in a report on Tuesday, February 27th. Citigroup reaffirmed a “sell” rating on shares of InterContinental Hotels Group in a research report on Thursday, February 22nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,400 ($80.39) price objective on shares of InterContinental Hotels Group in a report on Tuesday, February 20th. Finally, Berenberg Bank raised their target price on shares of InterContinental Hotels Group from GBX 6,000 ($75.37) to GBX 7,400 ($92.95) and gave the stock a “hold” rating in a report on Wednesday, February 28th. Two 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’s stock. Based on data from MarketBeat, InterContinental Hotels Group has an average rating of “Hold” and an average price target of GBX 6,415 ($80.58).

InterContinental Hotels Group Stock Performance

The company has a market cap of £12.69 billion, a P/E ratio of 2,207.43, a P/E/G ratio of 1.81 and a beta of 0.98. The stock’s fifty day moving average price is GBX 8,116.56 and its two-hundred day moving average price is GBX 7,265.70.

InterContinental Hotels Group Increases Dividend

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

About InterContinental Hotels Group

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.