InterContinental Hotels Group PLC (LON:IHG) Receives Average Rating of “Reduce” from Brokerages

InterContinental Hotels Group PLC (LON:IHG) has earned a consensus recommendation of “Reduce” from the six research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 5,816.80 ($76.71).

Several research firms recently issued reports on IHG. Jefferies Financial Group reissued a “hold” rating and issued a GBX 84 ($1.11) target price on shares of InterContinental Hotels Group in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 8,300 ($109.46) price objective on shares of InterContinental Hotels Group in a research report on Thursday, August 1st. Finally, Berenberg Bank restated a “hold” rating and set a GBX 7,400 ($97.59) target price on shares of InterContinental Hotels Group in a report on Thursday, August 15th.

Insider Buying and Selling at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Ron Kalifa bought 679 shares of InterContinental Hotels Group stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of GBX 7,624 ($100.54) per share, with a total value of £51,766.96 ($68,267.12). Insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Stock Down 0.5 %

LON:IHG opened at GBX 7,548 ($99.54) on Monday. The firm has a market capitalization of £12.00 billion, a P/E ratio of 2,553.54, a P/E/G ratio of 1.75 and a beta of 1.00. InterContinental Hotels Group has a 52 week low of GBX 5,636 ($74.32) and a 52 week high of GBX 8,790 ($115.92). The company has a fifty day moving average of GBX 7,864.47 and a 200 day moving average of GBX 7,987.35.

InterContinental Hotels Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, August 29th will be paid a $0.53 dividend. The ex-dividend date is Thursday, August 29th. This represents a yield of 0.57%. InterContinental Hotels Group’s payout ratio is 4,242.42%.

InterContinental Hotels Group Company Profile

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.