Intercontinental Hotels Group (NYSE:IHG) announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84, MarketWatch Earnings reports.
Intercontinental Hotels Group (NYSE IHG) traded down 1.00% during trading on Friday, reaching $50.52. 88,046 shares of the company’s stock were exchanged. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 22.65 and a beta of 1.34. The company’s 50 day moving average price is $55.24 and its 200-day moving average price is $53.20. Intercontinental Hotels Group has a 52 week low of $39.82 and a 52 week high of $57.80.
The business also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, August 30th.
Several brokerages recently issued reports on IHG. Zacks Investment Research downgraded shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. BidaskClub downgraded shares of Intercontinental Hotels Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Credit Suisse Group downgraded shares of Intercontinental Hotels Group from an “outperform” rating to a “neutral” rating in a research note on Monday, June 19th. They noted that the move was a valuation call. Bank of America Corporation reissued a “buy” rating on shares of Intercontinental Hotels Group in a research note on Tuesday, July 25th. Finally, Morgan Stanley downgraded shares of Intercontinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $50.33.
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Intercontinental Hotels Group Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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