InterContinental Hotels Group PLC (LON:IHG) Insider Daniela Barone Soares Sells 328 Shares

InterContinental Hotels Group PLC (LON:IHG) insider Daniela Barone Soares sold 328 shares of the stock in a transaction dated Tuesday, October 29th. The shares were 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 Stock Performance

Shares of IHG stock opened at GBX 8,592 ($111.43) on Friday. The stock has a 50 day moving average price of GBX 8,115.67 and a 200 day moving average price of GBX 7,990.86. The firm has a market capitalization of £13.62 billion, a P/E ratio of 2,912.54, a P/E/G ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group PLC has a 52-week low of GBX 5,636 ($73.09) and a 52-week high of GBX 8,790 ($113.99).

InterContinental Hotels Group Cuts Dividend

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

Analysts Set New Price Targets

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

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.