Shares of InterContinental Hotels Group PLC (LON:IHG – Get Free Report) have earned a consensus rating of “Reduce” from the six ratings firms that are covering the stock, Marketbeat reports. Two 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 1 year price target among analysts that have covered the stock in the last year is GBX 5,471 ($71.44).
Several research firms have commented on IHG. Berenberg Bank reiterated a “hold” rating and issued a GBX 7,400 ($96.63) target price on shares of InterContinental Hotels Group in a research report on Thursday, August 15th. The Goldman Sachs Group upgraded InterContinental Hotels Group to a “buy” rating in a research report on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 8,300 ($108.38) target price on shares of InterContinental Hotels Group in a research report on Thursday, August 1st.
Check Out Our Latest Stock Analysis on IHG
InterContinental Hotels Group Stock Up 1.0 %
InterContinental Hotels Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, August 29th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a dividend yield of 0.57%. InterContinental Hotels Group’s dividend payout ratio (DPR) is 4,237.29%.
Insider Transactions at InterContinental Hotels Group
In related news, insider Ron Kalifa acquired 679 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of GBX 7,624 ($99.56) per share, for a total transaction of £51,766.96 ($67,598.54). 5.99% of the stock is owned by corporate insiders.
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.
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