InterContinental Hotels Group PLC’s (IHG) Hold Rating Reaffirmed at Deutsche Bank AG

InterContinental Hotels Group PLC (LON:IHG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research note issued on Friday, April 21st.

Several other analysts have also commented on the company. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 4,000 ($51.63) target price on shares of InterContinental Hotels Group PLC in a report on Thursday, March 30th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 4,330 ($55.89) price objective on shares of InterContinental Hotels Group PLC in a report on Monday, March 20th. JPMorgan Chase & Co. raised their price objective on InterContinental Hotels Group PLC from GBX 3,265 ($42.15) to GBX 3,415 ($44.08) and gave the company an “underweight” rating in a report on Friday, February 24th. Morgan Stanley raised their price objective on InterContinental Hotels Group PLC from GBX 3,600 ($46.47) to GBX 3,800 ($49.05) and gave the company an “equal weight” rating in a report on Wednesday, February 22nd. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday, February 22nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 3,559.29 ($45.94).

Analyst Recommendations for InterContinental Hotels Group PLC (LON:IHG)

The firm also recently announced a dividend, which will be paid on Monday, May 22nd. Shareholders of record on Thursday, May 4th will be given a €0.64 ($0.70) dividend. The ex-dividend date is Thursday, May 4th. This represents a yield of 1.32%.

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In other InterContinental Hotels Group PLC news, insider Paul Edgecliffe-Johnson sold 11,000 shares of InterContinental Hotels Group PLC stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of GBX 3,840 ($49.57), for a total value of £422,400 ($545,243.32).

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.

12 Month Chart for LON:IHG

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