InterContinental Hotels Group PLC (LON:IHG) Declares Dividend of $0.53

InterContinental Hotels Group PLC (LON:IHG) declared a dividend on Tuesday, August 6th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 29th will be given a dividend of $0.53 per share on Thursday, October 3rd. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, August 29th. The official announcement can be seen at this link.

InterContinental Hotels Group Trading Down 2.2 %

LON IHG opened at GBX 7,244 ($92.58) on Wednesday. InterContinental Hotels Group has a 1 year low of GBX 5,636 ($72.03) and a 1 year high of GBX 8,790 ($112.33). The company has a market cap of £11.76 billion, a PE ratio of 2,135.45, a PEG ratio of 1.76 and a beta of 0.97. The stock’s 50-day moving average price is GBX 8,089.20 and its two-hundred day moving average price is GBX 8,001.72.

Insider Buying and Selling

In related news, insider Ron Kalifa bought 679 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of GBX 7,624 ($97.43) per share, for a total transaction of £51,766.96 ($66,155.86). 5.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IHG. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 8,300 ($106.07) price target on shares of InterContinental Hotels Group in a report on Thursday, August 1st. Jefferies Financial Group reissued a “hold” rating and set a GBX 84 ($1.07) target price on shares of InterContinental Hotels Group in a research note on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, InterContinental Hotels Group currently has an average rating of “Hold” and a consensus price target of GBX 5,847.33 ($74.73).

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 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.