Intercontinental Hotels Group’s (IHG) Underweight Rating Reiterated at Barclays

Barclays reissued their underweight rating on shares of Intercontinental Hotels Group (LON:IHG) in a research note published on Friday morning, Stock Target Advisor reports.

A number of other research analysts have also recently issued reports on the company. Societe Generale cut their price objective on Intercontinental Hotels Group from GBX 5,500 ($72.35) to GBX 5,300 ($69.72) and set a hold rating for the company in a report on Thursday, February 20th. Berenberg Bank cut their price target on Intercontinental Hotels Group from GBX 5,300 ($69.72) to GBX 5,200 ($68.40) and set a hold rating for the company in a report on Friday, January 17th. Goldman Sachs Group cut their price target on Intercontinental Hotels Group from GBX 5,300 ($69.72) to GBX 5,100 ($67.09) and set a neutral rating for the company in a report on Wednesday, November 13th. HSBC cut their price target on Intercontinental Hotels Group from GBX 5,100 ($67.09) to GBX 5,000 ($65.77) and set a hold rating for the company in a report on Wednesday, January 29th. Finally, UBS Group reaffirmed a sell rating on shares of Intercontinental Hotels Group in a report on Monday, February 17th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 5,066 ($66.64).

Shares of LON IHG opened at GBX 4,780.50 ($62.88) on Friday. The stock has a market cap of $8.58 billion and a PE ratio of 20.71. The business has a fifty day moving average of GBX 4,907.08 and a two-hundred day moving average of GBX 4,942.06. Intercontinental Hotels Group has a 52-week low of GBX 4,392.50 ($57.78) and a 52-week high of GBX 5,770 ($75.90).

The firm also recently declared a dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 2nd will be issued a $0.86 dividend. This represents a dividend yield of 1.37%. This is a boost from Intercontinental Hotels Group’s previous dividend of $0.40. The ex-dividend date is Thursday, April 2nd. Intercontinental Hotels Group’s payout ratio is currently 0.40%.

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 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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Analyst Recommendations for Intercontinental Hotels Group (LON:IHG)

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