InterContinental Hotels Group (LON:IHG) Stock Price Passes Above 200 Day Moving Average of $7,194.71

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7,194.71 ($88.87) and traded as high as GBX 8,112 ($100.20). InterContinental Hotels Group shares last traded at GBX 8,002 ($98.84), with a volume of 305,050 shares traded.

Wall Street Analyst Weigh In

IHG has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of InterContinental Hotels Group from GBX 5,400 ($66.70) to GBX 6,100 ($75.35) and gave the stock an "underweight" rating in a research report on Tuesday, February 27th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 6,400 ($79.05) price target on shares of InterContinental Hotels Group in a research report on Tuesday, February 20th. Berenberg Bank boosted their price objective on InterContinental Hotels Group from GBX 6,000 ($74.11) to GBX 7,400 ($91.40) and gave the stock a "hold" rating in a report on Wednesday, February 28th. Finally, Citigroup reissued a "sell" rating on shares of InterContinental Hotels Group in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of GBX 6,415 ($79.24).

InterContinental Hotels Group Trading Up 0.4 %

The company has a market capitalization of £13.20 billion, a P/E ratio of 2,295.43, a PEG ratio of 1.81 and a beta of 0.98. The business has a 50 day moving average price of GBX 8,148.08 and a 200 day moving average price of GBX 7,200.32.

InterContinental Hotels Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, April 4th will be paid a $1.04 dividend. The ex-dividend date is Thursday, April 4th. This is a boost from InterContinental Hotels Group's previous dividend of $0.48. This represents a dividend yield of 1.04%. InterContinental Hotels Group's dividend payout ratio is 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.