According to Bloomberg, the eight brokerage firms covering InterContinental Hotels Group PLC (LON: IHG) have given the company an average “Moderate Buy.” Four research analysts have recommended holding onto the stock, while four additional experts have rated the company as a buy. The average price objective for the next 12 months that brokers who covered the stock in the preceding year have set is GBX 5,600.83 ($67.68). This price target is set by brokers who have covered the stock in the prior year. A few research firms have recently discussed the InterContinental Hotels Group (IHG). In a research note released on August 3 by Citigroup, the shares of InterContinental Hotels Group (NASDAQ: IHG) were the subject of discussion. In the note, the business reiterated its “neutral” rating on its stock and established a price objective of GBX 4,980 ($60.17), which it had previously established. On Friday, August 26, JPMorgan Chase & Co. announced that it had lowered its price objective for shares of InterContinental Hotels Group from GBX 6,100 ($73.71) to GBX 5,900 ($71.29). The news was broken in a research note on Friday and contained the announcement.
In a research note distributed on Monday, June 27, Berenberg Bank reaffirmed their “buy” rating on shares of InterContinental Hotels Group and set their price objective for the company’s stock at GBX 5,700 ($68.87). In addition, Berenberg Bank provided an update regarding their price objective for the company’s stock. In a research note published by Barclays on Thursday, August 11, they rated the shares of InterContinental Hotels Group as having an “overweight” status. In addition, Barclays determined that the shares should trade at a price of GBX 5,400 ($65.25) to meet its price objective. In a research note distributed on August 10 by Royal Bank of Canada, the firm reiterated its “overweight” rating that it had previously assigned to shares of InterContinental Hotels Group. In addition, the financial institution set a price goal for the stock, which was determined to be GBX 6,100 ($73.71). IHG began trading on Monday at GBX 4,793 ($57.91). A price-to-earnings ratio of 2,420.71 for the stock contributes to the company’s overall market value, which is equal to £8.78 billion at the current time. The moving averages for the company over the past 50 days come in at 4,774.32, and their averages over the last 200 days come in at 4,849.26. Over the previous fifty-two weeks, the price of InterContinental Hotels Group has ranged from a low of GBX 4,174 ($50.43) to a high of GBX 5,386 ($65.08), with an average price of GBX 4,174 throughout that period.
In addition, the business has announced a dividend, and it is planned to be dispersed to shareholders on Thursday, October 6. On Friday, September 2, shareholders who were recorded as having ownership as of the previous Thursday, September 1, will be eligible to receive a dividend payment of $0.44 per share. This payout will begin deducting dividends from shareholders’ accounts on the day of the week that September 1 falls on, which is a Thursday. A dividend yield of 0.72% can be calculated from this information. The payout ratio for dividends that InterContinental Hotels Group is in the process of distributing at this time sits at 44.78%. Properties can be found on many different continents, including the Americas, Europe, Asia, the Middle East, and Africa, in addition to Greater China, and InterContinental Properties Group PLC owns, operates, franchises, and leases these hotels. The company manages lodgings that operate under the names Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza. Additionally, the company operates under the names Holiday Inn and Holiday In. In addition, the corporation manages lodgings under the brand names Six Senses and Regent.