InterContinental Hotels Group PLC (LON:IHG - Get Free Report) insider Daniela Barone Soares sold 328 shares of InterContinental Hotels Group stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($111.58), for a total transaction of £28,221.12 ($36,598.52).
InterContinental Hotels Group Trading Down 0.2 %
Shares of InterContinental Hotels Group stock opened at GBX 8,562 ($111.04) on Friday. The business's fifty day moving average price is GBX 8,071.63 and its 200 day moving average price is GBX 7,980.72. InterContinental Hotels Group PLC has a twelve month low of GBX 5,636 ($73.09) and a twelve month high of GBX 8,790 ($113.99). The stock has a market capitalization of £13.57 billion, a P/E ratio of 2,896.95, a PEG ratio of 1.69 and a beta of 0.98.
InterContinental Hotels Group Cuts Dividend
The company also recently disclosed a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, August 29th were paid a $0.53 dividend. This represents a dividend yield of 0.57%. The ex-dividend date was Thursday, August 29th. InterContinental Hotels Group's dividend payout ratio is currently 4,237.29%.
Analysts Set New Price Targets
[625,000% Gain] – Are You Ready for the Next Altcoin Boom?
From Crypto Swap Profits | Ad
All of our key indicators are flashing the same signal: an altcoin season is fast approaching.
And if you know anything about crypto, you know that altcoin seasons are where some of the biggest gains happen.
Register for the FREE Workshop Now & get $10 in Bitcoin
IHG has been the topic of several analyst reports. Berenberg Bank restated a "hold" rating and set a GBX 7,400 ($95.97) price objective on shares of InterContinental Hotels Group in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 8,300 ($107.64) price target on shares of InterContinental Hotels Group in a report on Thursday, August 1st. Finally, The Goldman Sachs Group upgraded shares of InterContinental Hotels Group to a "buy" rating in a report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of GBX 5,471 ($70.95).
Get Our Latest Research Report on InterContinental Hotels Group
InterContinental Hotels Group Company Profile
(
Get Free Report)
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, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
