Brokerages Set InterContinental Hotels Group PLC (LON:IHG) Price Target at GBX 6,159

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) has received an average recommendation of "Reduce" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 6,159 ($81.15).

Several research firms have issued reports on IHG. Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group to a "hold" rating and upped their price objective for the stock from GBX 7,750 ($102.11) to GBX 8,000 ($105.40) in a report on Monday, April 14th. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 95 ($1.25) price objective on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a GBX 7,800 ($102.77) target price on shares of InterContinental Hotels Group in a research report on Thursday, February 20th. Finally, Citigroup dropped their target price on shares of InterContinental Hotels Group from GBX 8,900 ($117.26) to GBX 7,500 ($98.81) and set a "sell" rating for the company in a research report on Tuesday, April 15th.

InterContinental Hotels Group Price Performance

Shares of IHG traded up GBX 118 ($1.55) on Friday, hitting GBX 9,136 ($120.37). The company's stock had a trading volume of 2,499,485 shares, compared to its average volume of 3,689,998. The company has a market capitalization of £18.31 billion, a PE ratio of 29.99, a PEG ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. InterContinental Hotels Group has a fifty-two week low of GBX 7,032 ($92.65) and a fifty-two week high of £109.75 ($144.60). The company has a 50 day moving average price of GBX 8,198.99 and a 200 day moving average price of GBX 9,218.22.

InterContinental Hotels Group Increases Dividend

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

Insider Transactions at InterContinental Hotels Group

In related news, insider Byron Elmer Grote acquired 400 shares of the firm's stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of £127.25 ($167.65) per share, with a total value of £50,900 ($67,061.92). 5.99% of the stock is owned by company insiders.

About InterContinental Hotels Group

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.