InterContinental Hotels Group PLC (LON:IHG – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 7,930.91 ($103.79) and traded as high as GBX 8,420 ($110.20). InterContinental Hotels Group shares last traded at GBX 8,358 ($109.38), with a volume of 245,049 shares changing hands.
Analysts Set New Price Targets
IHG has been the topic of a number of research analyst reports. Berenberg Bank restated a “hold” rating and issued a GBX 7,400 ($96.85) price target 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 ($108.62) target price on shares of InterContinental Hotels Group in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised shares of InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 5,471 ($71.60).
InterContinental Hotels Group Trading Down 0.6 %
InterContinental Hotels Group Cuts Dividend
The firm also recently declared 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. This represents a dividend yield of 0.57%. The ex-dividend date was Thursday, August 29th. InterContinental Hotels Group’s payout ratio is presently 4,237.29%.
Insider Buying and Selling at InterContinental Hotels Group
In related news, insider Ron Kalifa bought 679 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of GBX 7,624 ($99.78) per share, for a total transaction of £51,766.96 ($67,748.93). 5.99% of the stock is currently owned by company insiders.
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.
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