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

InterContinental Hotels Group PLC (LON:IHG) has been given an average recommendation of “Reduce” by the six research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 6,159 ($81.81).

IHG has been the topic of a number of research analyst reports. Citigroup lowered their price target on InterContinental Hotels Group from GBX 8,900 ($118.23) to GBX 7,500 ($99.63) and set a “sell” rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 95 ($1.26) target price on shares of InterContinental Hotels Group in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group to a “hold” rating and lifted their price target for the company from GBX 7,750 ($102.95) to GBX 8,000 ($106.27) in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 7,800 ($103.61) target price on shares of InterContinental Hotels Group in a report on Thursday, February 20th.

Insiders Place Their Bets

In other news, insider Byron Elmer Grote acquired 400 shares of the company’s stock in a transaction on Friday, February 21st. The stock was bought at an average cost of £127.25 ($169.04) per share, with a total value of £50,900 ($67,614.24). Corporate insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Price Performance

Shares of InterContinental Hotels Group stock opened at GBX 9,074 ($120.54) on Friday. The company has a market capitalization of £18.19 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 1.69 and a beta of 0.98. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The stock’s 50-day simple moving average is GBX 8,205.29 and its 200-day simple moving average is GBX 9,230.87. InterContinental Hotels Group has a 52 week low of GBX 7,032 ($93.41) and a 52 week high of £109.75 ($145.79).

InterContinental Hotels Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were given a dividend of $1.14 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a yield of 1.03%. This is a positive change from InterContinental Hotels Group’s previous dividend of $0.53. InterContinental Hotels Group’s dividend payout ratio (DPR) is 41.03%.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.