InterContinental Hotels Group (LON:IHG) Stock Crosses Above 200 Day Moving Average of $7,130.11

InterContinental Hotels Group PLC (LON:IHG)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 7,130.11 ($88.76) and traded as high as GBX 7,908 ($98.44). InterContinental Hotels Group shares last traded at GBX 7,794 ($97.02), with a volume of 254,573 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Berenberg Bank boosted their target price on InterContinental Hotels Group from GBX 6,000 ($74.69) to GBX 7,400 ($92.12) and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Citigroup reissued a “sell” rating on shares of InterContinental Hotels Group in a research report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their target price on InterContinental Hotels Group from GBX 5,400 ($67.22) to GBX 6,100 ($75.94) and gave the stock an “underweight” rating in a research report on Tuesday, February 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,400 ($79.67) price target on shares of InterContinental Hotels Group in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, InterContinental Hotels Group presently has an average rating of “Hold” and a consensus target price of GBX 6,415 ($79.86).

InterContinental Hotels Group Stock Performance

The company’s 50-day moving average price is GBX 8,120.32 and its 200 day moving average price is GBX 7,146.56. The stock has a market cap of £12.84 billion, a PE ratio of 2,233.14, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98.

InterContinental Hotels Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 4th will be issued a $1.04 dividend. This represents a yield of 1.04%. This is a positive change from InterContinental Hotels Group’s previous dividend of $0.48. The ex-dividend date is Thursday, April 4th. InterContinental Hotels Group’s dividend payout ratio is currently 3,457.14%.

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.