The stock of InterContinental Hotels Group PLC (NYSE:IHG) last traded at $66.14, down -1.37% from the previous session.
As we calculate the median target price by taking the range between a high of $80.41 and a low of $68.07, we find $72.14. Given the previous closing price of $67.06, this indicates a potential upside of 7.58 percent. IHG stock price is now -2.29% away from the 50-day moving average and 11.66% away from the 200-day moving average. The market capitalization of the company currently stands at $11.60B.
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Brokers who have rated the stock have averaged $73.24 as their price target over the next twelve months.
, while ‘UBS’ rates the stock as ‘Neutral’.
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IHG stock. A new stake in InterContinental Hotels Group PLC shares was purchased by TRILLIUM ASSET MANAGEMENT, LLC during the first quarter worth $3,804,000. CAPTRUST FINANCIAL ADVISORS invested $575,000 in shares of IHG during the first quarter. In the first quarter, CREATIVE PLANNING acquired a new stake in InterContinental Hotels Group PLC valued at approximately $384,000. SQUAREPOINT OPS LLC acquired a new stake in IHG for approximately $372,000. ATRIA WEALTH SOLUTIONS, INC. purchased a new stake in IHG valued at around $325,000 in the second quarter. In total, there are 148 active investors with 4.80% ownership of the company’s stock.
With an opening price of $65.71 on Monday morning, InterContinental Hotels Group PLC (NYSE: IHG) set off the trading day. During the past 12 months, InterContinental Hotels Group PLC has had a low of $47.06 and a high of $72.10. The fifty day moving average price for IHG is $67.69 and a two-hundred day moving average price translates $59.23 for the stock.
The latest earnings results from InterContinental Hotels Group PLC (NYSE: IHG) was released for Jun, 2022. The net profit margin was 9.60% and return on equity was -24.70% for IHG.
Moreover, the firm recently paid out its quarterly dividend on 10/06/2022. Investors who held shares on 09/02/2022 were paid a $0.439 dividend. On an annualized basis, this represents a $2.24 dividend and a 3.39% percent yield. There was an ex-dividend date of 09/01/2022 for this dividend. In terms of dividend payout ratio, IHG is presently at 62.80%.
InterContinental Hotels Group PLC(IHG) Company Profile
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. It also provides IHG Rewards loyalty program. As of December 31, 2021, the company operated 5,991 hotels and 880,327 rooms in approximately 100 countries. InterContinental Hotels Group PLC was founded in 1777 and is headquartered in Windsor, the United Kingdom.
