InterContinental Hotels Group (LON:IHG) Raised to “Hold” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group (LON:IHG) to a hold rating in a research report released on Monday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has GBX 8,000 ($105.49) price target on the stock, up from their previous price target of GBX 7,750 ($102.19).

IHG has been the topic of several other research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 95 ($1.25) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, February 18th. Citigroup cut their target price on InterContinental Hotels Group from GBX 8,900 ($117.35) to GBX 7,500 ($98.89) and set a “sell” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 7,800 ($102.85) price objective on shares of InterContinental Hotels Group in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 6,159 ($81.21).

InterContinental Hotels Group Trading Up 0.3 %

InterContinental Hotels Group stock traded up GBX 24 ($0.32) during midday trading on Monday, reaching GBX 7,768 ($102.43). The stock had a trading volume of 816,421 shares, compared to its average volume of 4,395,028. InterContinental Hotels Group has a twelve month low of GBX 7,032 ($92.72) and a twelve month high of £109.75 ($144.71). The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The firm has a market cap of £15.57 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.69 and a beta of 0.98. The firm’s fifty day simple moving average is GBX 9,046.86 and its two-hundred day simple moving average is GBX 9,259.82.

InterContinental Hotels Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a $1.14 dividend. This is a boost from InterContinental Hotels Group’s previous dividend of $0.53. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, April 3rd. InterContinental Hotels Group’s dividend payout ratio (DPR) is 41.03%.

Insider Activity at InterContinental Hotels Group

In related news, insider Byron Elmer Grote acquired 400 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of £127.25 ($167.79) per share, for a total transaction of £50,900 ($67,114.98). 5.99% of the stock is owned by company insiders.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.