InterContinental Hotels Group PLC (LON:IHG) Given Consensus Recommendation of "Hold" by Brokerages

Shares of InterContinental Hotels Group PLC (LON:IHG - Get Free Report) have earned an average rating of "Hold" from the six research firms that are presently covering the company, MarketBeat.com reports. Two 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. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 6,415 ($80.58).

IHG has been the topic of a number of analyst reports. Berenberg Bank raised their price objective 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 research note on Wednesday, February 28th. Citigroup restated a "sell" rating on shares of InterContinental Hotels Group in a research report on Thursday, February 22nd. JPMorgan Chase & Co. upped their price objective on shares of InterContinental Hotels Group from GBX 5,400 ($67.83) to GBX 6,100 ($76.62) and gave the stock an "underweight" rating in a research report on Tuesday, February 27th. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 6,400 ($80.39) target price on shares of InterContinental Hotels Group in a research note on Tuesday, February 20th.

InterContinental Hotels Group Trading Down 2.1 %

LON IHG traded down GBX 162 ($2.03) on Friday, hitting GBX 7,726 ($97.05). 511,745 shares of the company's stock traded hands, compared to its average volume of 393,112. The firm's 50-day moving average price is GBX 8,096.04 and its two-hundred day moving average price is GBX 7,293.49. The firm has a market capitalization of £12.69 billion, a PE ratio of 2,207.43, a P/E/G ratio of 1.81 and a beta of 0.98. InterContinental Hotels Group has a 1-year low of GBX 5,178 ($65.04) and a 1-year high of GBX 8,790 ($110.41).

InterContinental Hotels Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Thursday, April 4th will be issued a $1.04 dividend. This represents a yield of 1.04%. This is a positive change from InterContinental Hotels Group's previous dividend of $0.48. The ex-dividend date is Thursday, April 4th. InterContinental Hotels Group's 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.