InterContinental Hotels Group PLC (LON:IHG) declared a dividend on Tuesday, August 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.33 per share on Friday, October 6th. This represents a yield of 0.61%. The ex-dividend date is Thursday, August 31st. The official announcement can be viewed at this link.
Shares of InterContinental Hotels Group PLC (LON:IHG) traded down 1.60% during trading on Friday, reaching GBX 3924.00. The company’s stock had a trading volume of 438,525 shares. The firm’s market cap is GBX 7.69 billion. InterContinental Hotels Group PLC has a one year low of GBX 3,088.63 and a one year high of GBX 4,492.00. The stock’s 50 day moving average is GBX 4,235.46 and its 200 day moving average is GBX 4,173.06.
In other InterContinental Hotels Group PLC news, insider Richard Solomons sold 31,000 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of GBX 4,413 ($57.29), for a total value of £1,368,030 ($1,775,970.40).
A number of equities research analysts have recently commented on IHG shares. Deutsche Bank AG reissued a “hold” rating on shares of InterContinental Hotels Group PLC in a research note on Friday, April 21st. Credit Suisse Group increased their target price on InterContinental Hotels Group PLC from GBX 4,330 ($56.21) to GBX 4,515 ($58.61) and gave the stock an “outperform” rating in a research note on Monday, April 24th. Barclays PLC reissued an “equal weight” rating and issued a GBX 4,000 ($51.93) target price on shares of InterContinental Hotels Group PLC in a research note on Thursday, April 27th. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 3,415 ($44.33) target price on shares of InterContinental Hotels Group PLC in a research note on Monday, May 8th. Finally, Beaufort Securities reissued a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Monday, May 8th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. InterContinental Hotels Group PLC has a consensus rating of “Hold” and an average price target of GBX 3,804.44 ($49.39).
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InterContinental Hotels Group PLC Company Profile
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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