InterContinental Hotels Group PLC (LON:IHG) Insider Daniela Barone Soares Sells 328 Shares of Stock

InterContinental Hotels Group PLC (LON:IHG) insider Daniela Barone Soares sold 328 shares of the business’s 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 value of £28,221.12 ($36,598.52).

InterContinental Hotels Group Stock Performance

Shares of LON:IHG opened at GBX 8,562 ($111.04) on Friday. The business’s fifty day moving average price is GBX 8,071.63 and its two-hundred day moving average price is GBX 7,980.72. The stock has a market cap of £13.57 billion, a PE ratio of 2,896.95, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group PLC has a one year low of GBX 5,636 ($73.09) and a one year high of GBX 8,790 ($113.99).

InterContinental Hotels Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, August 29th were paid a dividend of $0.53 per share. This represents a dividend yield of 0.57%. The ex-dividend date was Thursday, August 29th. InterContinental Hotels Group’s payout ratio is currently 4,237.29%.

Analyst Ratings Changes

Several equities analysts recently issued reports on IHG shares. The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a report on Wednesday, September 18th. 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 research report on Thursday, August 1st. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 7,400 ($95.97) price objective on shares of InterContinental Hotels Group in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 5,471 ($70.95).

InterContinental Hotels Group 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, 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.