InterContinental Hotels Group PLC (LON:IHG) Receives Consensus Recommendation of "Reduce" from Brokerages

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) has been given an average rating of "Reduce" by the six ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 6,159 ($81.89).

IHG has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 95 ($1.26) price objective on shares of InterContinental Hotels Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. restated an "underweight" rating and set a GBX 7,800 ($103.71) price target on shares of InterContinental Hotels Group in a research report on Thursday, February 20th. Citigroup lowered their target price on InterContinental Hotels Group from GBX 8,900 ($118.34) to GBX 7,500 ($99.72) and set a "sell" rating for the company in a research note on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded InterContinental Hotels Group to a "hold" rating and raised their price target for the stock from GBX 7,750 ($103.04) to GBX 8,000 ($106.37) in a research report on Monday, April 14th.

InterContinental Hotels Group Price Performance

Shares of LON IHG traded down GBX 52 ($0.69) during trading hours on Tuesday, reaching GBX 7,592 ($100.94). 645,992 shares of the stock traded hands, compared to its average volume of 4,296,355. The company has a market capitalization of £15.22 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company's 50-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 quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. InterContinental Hotels Group has a 52-week low of GBX 7,032 ($93.50) and a 52-week high of £109.75 ($145.92).

InterContinental Hotels Group Increases Dividend

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

Insider Buying and Selling

In other news, insider Byron Elmer Grote bought 400 shares of InterContinental Hotels Group stock in a transaction on Friday, February 21st. The shares were purchased at an average price of £127.25 ($169.19) per share, for a total transaction of £50,900 ($67,677.17). 5.99% of the stock is currently owned by 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.