InterContinental Hotels Group (LON:IHG) Rating Increased to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group (LON:IHG - Free Report) to a hold rating in a research note released on Monday, MarketBeat.com reports. They currently have GBX 8,000 ($106.37) price objective on the stock, up from their prior price objective of GBX 7,750 ($103.04).

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group reissued a "hold" rating and set a GBX 95 ($1.26) price objective on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a GBX 7,800 ($103.71) price objective on shares of InterContinental Hotels Group in a research report on Thursday, February 20th. Finally, Citigroup dropped their price objective on shares of InterContinental Hotels Group from GBX 8,900 ($118.34) to GBX 7,500 ($99.72) and set a "sell" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of GBX 6,159 ($81.89).

InterContinental Hotels Group Price Performance

Shares of LON IHG traded down GBX 52 ($0.69) during trading hours on Monday, hitting GBX 7,592 ($100.94). 645,992 shares of the stock were exchanged, compared to its average volume of 4,296,355. The company's fifty day simple moving average is GBX 8,794.08 and its two-hundred day simple moving average is GBX 9,235.92. The company has a market cap of £15.22 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a 1-year low of GBX 7,032 ($93.50) and a 1-year high of £109.75 ($145.92). The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85.

InterContinental Hotels Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $1.14 per share. This is a boost from InterContinental Hotels Group's previous dividend of $0.53. The ex-dividend date is Thursday, April 3rd. This represents a yield of 1.03%. InterContinental Hotels Group's payout ratio is presently 41.03%.

Insiders Place Their Bets

In related news, insider Byron Elmer Grote bought 400 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of £127.25 ($169.19) per share, with a total value of £50,900 ($67,677.17). 5.99% of the stock is owned by corporate insiders.

InterContinental Hotels Group Company Profile

Our presence IHG® Hotels & Resorts is a global hospitality company, with 19 hotel brands, one of the industry's largest loyalty programmes, over 6,300 open hotels in more than 100 countries, and a further 1,800 hotels in our development pipeline. Our ambition To deliver industry-leading growth in our scale, enterprise platform and performance, doing so sustainably for all stakeholders, including our hotel owners, guests and society as a whole. Our strategy To use our scale and expertise to create the exceptional guest experiences and owner returns needed to grow our brands in the industry's most valuable markets and segments.