Intercontinental Hotels Group (LON:IHG) had its price target increased by Societe Generale from GBX 4,500 ($58.80) to GBX 4,800 ($62.72) in a research note issued to investors on Wednesday. They currently have a hold rating on the stock.
Several other equities research analysts also recently commented on the stock. UBS Group upgraded shares of Intercontinental Hotels Group to a neutral rating and boosted their target price for the company from GBX 4,275 ($55.86) to GBX 4,500 ($58.80) in a research note on Wednesday. Bryan, Garnier & Co restated a sell rating on shares of Intercontinental Hotels Group in a research note on Tuesday. Barclays restated an equal weight rating on shares of Intercontinental Hotels Group in a research note on Thursday, February 7th. Morgan Stanley downgraded shares of Intercontinental Hotels Group from an equal rating to a weight rating in a research note on Monday, January 7th. Finally, Royal Bank of Canada began coverage on shares of Intercontinental Hotels Group in a research note on Tuesday, December 4th. They issued a sector performer rating and a GBX 4,500 ($58.80) target price on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 4,740 ($61.94).
Get Intercontinental Hotels Group alerts:Shares of LON:IHG opened at GBX 4,515.50 ($59.00) on Wednesday. Intercontinental Hotels Group has a 52 week low of GBX 3,656 ($47.77) and a 52 week high of GBX 4,944 ($64.60).
The firm also recently declared a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, March 28th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a dividend yield of 1.31%.
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, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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