InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) has received an average rating of "Hold" from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company.
Several research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They set a "sell" rating on the stock. Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research report on Monday, April 14th.
Check Out Our Latest Report on IHG
Institutional Trading of InterContinental Hotels Group
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Caprock Group LLC acquired a new stake in InterContinental Hotels Group during the fourth quarter worth approximately $203,000. Richardson Financial Services Inc. bought a new position in shares of InterContinental Hotels Group during the fourth quarter worth approximately $25,000. Yorktown Management & Research Co Inc acquired a new stake in InterContinental Hotels Group during the 4th quarter worth approximately $468,000. Entropy Technologies LP bought a new stake in InterContinental Hotels Group in the 4th quarter valued at $262,000. Finally, Wealthstar Advisors LLC bought a new stake in InterContinental Hotels Group in the 4th quarter valued at $497,000. Institutional investors own 15.09% of the company's stock.
InterContinental Hotels Group Price Performance
NYSE IHG traded down $0.47 on Tuesday, hitting $115.83. 127,825 shares of the stock were exchanged, compared to its average volume of 237,386. The company has a market capitalization of $18.02 billion, a PE ratio of 20.54, a P/E/G ratio of 1.69 and a beta of 1.34. The business's fifty day moving average is $110.63 and its 200 day moving average is $120.28. InterContinental Hotels Group has a 52 week low of $91.57 and a 52 week high of $137.25.
InterContinental Hotels Group Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 4th were paid a dividend of $1.144 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, April 4th. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. InterContinental Hotels Group's dividend payout ratio (DPR) is currently 39.36%.
InterContinental Hotels Group Company Profile
(
Get Free ReportInterContinental 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.
See Also

Before you consider InterContinental Hotels Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterContinental Hotels Group wasn't on the list.
While InterContinental Hotels Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.