Kepler Capital Markets Reaffirms “Reduce” Rating for InterContinental Hotels Group PLC (LON:IHG)

Kepler Capital Markets reaffirmed their reduce rating on shares of InterContinental Hotels Group PLC (LON:IHG) in a research note released on Tuesday morning. Kepler Capital Markets currently has a GBX 3,656 ($47.61) price objective on the stock.

IHG has been the topic of several other research reports. Barclays PLC reissued an equal weight rating and set a GBX 4,000 ($52.09) target price on shares of InterContinental Hotels Group PLC in a research report on Thursday, July 27th. Liberum Capital restated a hold rating and set a GBX 4,600 ($59.90) price objective on shares of InterContinental Hotels Group PLC in a research note on Tuesday. J P Morgan Chase & Co lifted their price objective on shares of InterContinental Hotels Group PLC from GBX 3,415 ($44.47) to GBX 3,450 ($44.93) and gave the company an underweight rating in a research note on Monday, July 31st. Deutsche Bank AG lifted their price objective on shares of InterContinental Hotels Group PLC from GBX 3,500 ($45.58) to GBX 4,000 ($52.09) and gave the company a hold rating in a research note on Wednesday, August 2nd. Finally, Numis Securities Ltd restated a hold rating and set a GBX 4,200 ($54.69) price objective on shares of InterContinental Hotels Group PLC in a research note on Tuesday. Five equities 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. InterContinental Hotels Group PLC has a consensus rating of Hold and an average price target of GBX 3,804.44 ($49.54).

InterContinental Hotels Group PLC (LON:IHG) opened at 3985.00 on Tuesday. InterContinental Hotels Group PLC has a 52-week low of GBX 3,088.63 and a 52-week high of GBX 4,492.00. The company’s market capitalization is GBX 7.81 billion. The firm has a 50-day moving average of GBX 4,283.48 and a 200 day moving average of GBX 4,172.17.

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

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

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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