InterContinental Hotels Group PLC (IHG) Shares Up 2.1%

InterContinental Hotels Group PLC (LON:IHG)’s share price shot up 2.1% on Thursday . The stock traded as high as GBX 4,146 ($54.71) and last traded at GBX 4,131 ($54.51). 599,568 shares changed hands during trading, a decline of 4% from the average session volume of 626,176 shares. The stock had previously closed at GBX 4,047 ($53.40).

Several brokerages have recently weighed in on IHG. Kepler Capital Markets reaffirmed a “reduce” rating and set a GBX 3,656 ($48.24) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 4,200 ($55.42) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Liberum Capital reaffirmed a “hold” rating and set a GBX 4,600 ($60.70) price target on shares of InterContinental Hotels Group PLC in a research note on Tuesday, August 8th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 4,000 ($52.78) price target on shares of InterContinental Hotels Group PLC in a research note on Thursday, July 27th. Finally, Deutsche Bank AG raised their price target on shares of InterContinental Hotels Group PLC from GBX 3,500 ($46.19) to GBX 4,000 ($52.78) and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 3,916.79 ($51.69).

The stock’s market capitalization is GBX 8.10 billion. The firm’s 50-day moving average is GBX 3,926.32 and its 200-day moving average is GBX 4,145.72.

The business also recently declared a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, August 31st were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a yield of 0.61%.

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InterContinental Hotels Group PLC Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

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