InterContinental Hotels Group - IHG Share Forecast, Price & News

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, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza. It also provides IHG Rewards loyalty program. As of December 31, 2021, the company operated 5,991 hotels and 880,327 rooms in approximately 100 countries. InterContinental Hotels Group PLC was founded in 1777 and is headquartered in Denham, the United Kingdom.

InterContinental Hotels Group Stock Down 1.5 %

Shares of LON:IHG traded down GBX 77 ($0.93) during midday trading on Thursday, hitting GBX 4,995 ($60.36). The stock had a trading volume of 544,617 shares, compared to its average volume of 664,978. The stock has a 50 day simple moving average of GBX 4,629.40 and a 200-day simple moving average of GBX 4,865.64. The company has a market capitalization of £9.19 billion and a PE ratio of 4,257.14. InterContinental Hotels Group has a 1 year low of GBX 4,174 ($50.43) and a 1 year high of GBX 5,386 ($65.08).

InterContinental Hotels Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 1st will be issued a $0.44 dividend. The ex-dividend date is Thursday, September 1st. This represents a yield of 0.72%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IHG shares. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of InterContinental Hotels Group in a research note on Tuesday, May 17th. Citigroup reiterated a "neutral" rating and issued a GBX 4,980 ($60.17) price objective on shares of InterContinental Hotels Group in a research report on Wednesday, August 3rd. Barclays restated an "overweight" rating and set a GBX 5,400 ($65.25) target price on shares of InterContinental Hotels Group in a research report on Thursday. Morgan Stanley reaffirmed an "equal weight" rating on shares of InterContinental Hotels Group in a report on Wednesday, May 11th. Finally, Royal Bank of Canada restated an "overweight" rating and issued a GBX 6,100 ($73.71) price objective on shares of InterContinental Hotels Group in a research report on Wednesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, InterContinental Hotels Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,640 ($68.15).