InterContinental Hotels Group PLC (LON:IHG) Insider Sells £28,221.12 in Stock

InterContinental Hotels Group PLC (LON:IHG) insider Daniela Barone Soares sold 328 shares of InterContinental Hotels Group stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($111.58), for a total transaction of £28,221.12 ($36,598.52).

InterContinental Hotels Group Trading Down 0.2 %

Shares of InterContinental Hotels Group stock opened at GBX 8,562 ($111.04) on Friday. The business’s fifty day moving average price is GBX 8,071.63 and its 200 day moving average price is GBX 7,980.72. InterContinental Hotels Group PLC has a twelve month low of GBX 5,636 ($73.09) and a twelve month high of GBX 8,790 ($113.99). The stock has a market capitalization of £13.57 billion, a P/E ratio of 2,896.95, a PEG ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, August 29th were paid a $0.53 dividend. This represents a dividend yield of 0.57%. The ex-dividend date was Thursday, August 29th. InterContinental Hotels Group’s dividend payout ratio is currently 4,237.29%.

Analysts Set New Price Targets

IHG has been the topic of several analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 7,400 ($95.97) price objective on shares of InterContinental Hotels Group in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 8,300 ($107.64) price target on shares of InterContinental Hotels Group in a report on Thursday, August 1st. Finally, The Goldman Sachs Group upgraded shares of InterContinental Hotels Group to a “buy” rating in a report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 5,471 ($70.95).

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.