Shares of InterContinental Hotels Group PLC (NYSE:IHG) have received a consensus rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company.
Several analysts have issued reports on the company. Zacks Investment Research upgraded InterContinental Hotels Group from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. Bank of America reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research note on Monday, February 11th. Finally, Berenberg Bank raised InterContinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th.
A number of institutional investors and hedge funds have recently bought and sold shares of IHG. Lindbrook Capital LLC acquired a new position in InterContinental Hotels Group during the 4th quarter worth about $27,000. Balentine LLC lifted its stake in InterContinental Hotels Group by 85.2% during the 1st quarter. Balentine LLC now owns 487 shares of the company’s stock worth $30,000 after acquiring an additional 224 shares in the last quarter. NumerixS Investment Technologies Inc lifted its stake in InterContinental Hotels Group by 1,100.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the company’s stock worth $64,000 after acquiring an additional 1,100 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in InterContinental Hotels Group during the 4th quarter worth about $209,000. Finally, Quadrant Capital Group LLC acquired a new position in InterContinental Hotels Group during the 1st quarter worth about $210,000. 7.90% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:IHG traded down $0.02 during trading hours on Friday, hitting $65.04. The company had a trading volume of 2,670 shares, compared to its average volume of 74,482. The stock has a market cap of $11.78 billion, a P/E ratio of 22.53, a PEG ratio of 2.44 and a beta of 1.22. InterContinental Hotels Group has a 1 year low of $50.84 and a 1 year high of $67.37.
The firm also recently declared a semiannual dividend, which was paid on Tuesday, May 14th. Stockholders of record on Friday, March 29th were paid a $0.781 dividend. This represents a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from InterContinental Hotels Group’s previous semiannual dividend of $0.64. InterContinental Hotels Group’s dividend payout ratio is 52.60%.
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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, 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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