Media stories about InterContinental Hotels Group PLC (NYSE:IHG) have trended somewhat positive on Saturday, AlphaOne Sentiment Analysis reports. The research firm, a service of Accern, identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. InterContinental Hotels Group PLC earned a news impact score of 0.17 on AlphaOne’s scale. AlphaOne also gave news coverage about the company an impact score of 97 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the next few days.
Shares of InterContinental Hotels Group PLC (NYSE:IHG) traded up 0.52% during mid-day trading on Friday, reaching $55.62. 74,667 shares of the company traded hands. The company has a market capitalization of $10.47 billion, a P/E ratio of 27.52 and a beta of 1.28. InterContinental Hotels Group PLC has a 52 week low of $36.19 and a 52 week high of $56.53. The stock’s 50-day moving average is $53.34 and its 200-day moving average is $48.45.
The firm also recently announced a semiannual dividend, which will be paid on Monday, May 22nd. Shareholders of record on Friday, May 5th will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, May 3rd. This represents a yield of 2.67%. This is a boost from InterContinental Hotels Group PLC’s previous semiannual dividend of $0.47.
IHG has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of InterContinental Hotels Group PLC from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Tuesday, May 9th. Barclays PLC downgraded shares of InterContinental Hotels Group PLC from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 22nd. Finally, Telsey Advisory Group upped their price target on shares of InterContinental Hotels Group PLC from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. InterContinental Hotels Group PLC currently has an average rating of “Hold” and an average target price of $49.67.
About InterContinental Hotels Group PLC
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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