Redburn Partners lowered shares of InterContinental Hotels Group (LON:IHG – Get Rating) to sell a rating in a research note issued to investors on Tuesday morning, reports Marketbeat Ratings.

Several other equity analysts have also recently issued reports on the company. Jefferies Financial Group lifted their price target on InterContinental Hotels Group from GBX 5,500 ($67.54) to GBX 6,200 ($76.14) and gave the company a buy rating in a research report on Wednesday, January 25th. JPMorgan Chase & Co. reduced their price objective on InterContinental Hotels Group from GBX 6,200 ($76.14) to GBX 6,000 ($73.68) and set a neutral rating for the company in a research report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 5,520 ($67.79) price target on shares of InterContinental Hotels Group in a research report on Tuesday, November 22nd. Barclays lowered InterContinental Hotels Group to an equal weight rating in a research note on Monday, March 6th. Finally, Peel Hunt reiterated a hold rating and issued a GBX 5,750 ($70.61) price objective on shares of InterContinental Hotels Group in a research note on Tuesday, February 21st. One equity research analyst has rated the stock with a sell rating, six have been given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of GBX 5,750 ($70.61).

InterContinental Hotels Group Stock Up 1.8 %

LON:IHG opened at GBX 5,384 ($66.12) on Tuesday. The company has a market cap of £9.43 billion, a PE ratio of 3,130.23, a P/E/G ratio of 0.77 and a beta of 0.98. InterContinental Hotels Group has a 52 week low of GBX 4,174 ($51.26) and a 52 week high of GBX 5,796 ($71.18). The business’s 50 day moving average is GBX 5,561.12 and its two-hundred day moving average is GBX 4,996.47.

InterContinental Hotels Group Increases Dividends

The firm also recently announced a dividend, which will be paid on Tuesday, May 16th. Stockholders of record on Thursday, March 30th will be issued a $0.95 dividend. This is an increase from InterContinental Hotels Group’s previous dividend of $0.44. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, March 30th. InterContinental Hotels Group’s payout ratio is presently 6,744.19%.

Insider Transactions at InterContinental Hotels Group

In other news, insider Paul Edgecliffe-Johnson sold 21,094 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of GBX 5,521 ($67.80), for a total value of £1,164,599.74 ($1,430,185.12). 4.33% of the stock is owned by company insiders.

InterContinental Hotels Group Company Profile

(Get Rating)

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 under the 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.

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