InterContinental Hotels Group PLC (LON:IHG) Stock Rating Reaffirmed by Beaufort Securities

Beaufort Securities restated their buy rating on shares of InterContinental Hotels Group PLC (LON:IHG) in a research report report published on Wednesday morning. Beaufort Securities currently has a GBX 4,700 ($61.21) price objective on the stock.

A number of other research firms have also recently commented on IHG. Credit Suisse Group lifted their price objective on InterContinental Hotels Group PLC from GBX 4,330 ($56.39) to GBX 4,515 ($58.80) and gave the stock an outperform rating in a research report on Monday, April 24th. Deutsche Bank AG reiterated a hold rating on shares of InterContinental Hotels Group PLC in a research report on Tuesday, May 23rd. Barclays PLC restated an equal weight rating and issued a GBX 4,000 ($52.09) price target on shares of InterContinental Hotels Group PLC in a report on Thursday, May 4th. J P Morgan Chase & Co restated an underweight rating and issued a GBX 3,415 ($44.47) price target on shares of InterContinental Hotels Group PLC in a report on Monday, May 15th. Finally, Kepler Capital Markets restated a reduce rating and issued a GBX 3,656 ($47.61) price target on shares of InterContinental Hotels Group PLC in a report on Tuesday. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 3,804.44 ($49.54).

InterContinental Hotels Group PLC (LON IHG) opened at 3985.00 on Wednesday. The stock’s 50 day moving average is GBX 4,283.48 and its 200-day moving average is GBX 4,172.17. InterContinental Hotels Group PLC has a 12 month low of GBX 3,088.63 and a 12 month high of GBX 4,492.00. The stock’s market capitalization is GBX 7.81 billion.

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The company also recently disclosed a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, August 31st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a dividend yield of 0.61%.

In other news, insider Richard Solomons sold 31,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of GBX 4,413 ($57.47), for a total value of £1,368,030 ($1,781,521.03).

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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