Intercontinental Hotels Group (LON:IHG) insider Patrick Cescau bought 3,780 shares of the stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of GBX 2,648 ($34.83) per share, with a total value of £100,094.40 ($131,668.51).
Shares of IHG opened at GBX 3,430 ($45.12) on Friday. The business’s 50 day moving average price is GBX 4,123.62 and its 200-day moving average price is GBX 4,709.04. Intercontinental Hotels Group has a 52 week low of GBX 2,161 ($28.43) and a 52 week high of GBX 5,770 ($75.90). The stock has a market cap of $6.24 billion and a P/E ratio of 16.40.
The business also recently declared a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 2nd will be given a $0.86 dividend. This is a boost from Intercontinental Hotels Group’s previous dividend of $0.40. This represents a dividend yield of 1.37%. The ex-dividend date is Thursday, April 2nd. Intercontinental Hotels Group’s payout ratio is currently 0.47%.
IHG has been the topic of a number of analyst reports. Berenberg Bank dropped their price target on Intercontinental Hotels Group from GBX 5,300 ($69.72) to GBX 5,200 ($68.40) and set a “hold” rating on the stock in a research report on Friday, January 17th. UBS Group reissued a “neutral” rating on shares of Intercontinental Hotels Group in a research report on Monday. Goldman Sachs Group boosted their price target on Intercontinental Hotels Group from GBX 5,550 ($73.01) to GBX 5,600 ($73.66) and gave the stock a “neutral” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on Intercontinental Hotels Group from GBX 4,600 ($60.51) to GBX 4,150 ($54.59) and set an “underweight” rating on the stock in a research report on Tuesday, March 17th. Finally, Deutsche Bank reissued a “hold” rating on shares of Intercontinental Hotels Group in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 4,986 ($65.59).
About Intercontinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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