Fri Sep 20 08:14:47 UTC 2024: ## InterContinental Hotels Group Receives “Reduce” Rating from Analysts

**London, UK -** InterContinental Hotels Group PLC (LON:IHG) has been given a consensus recommendation of “Reduce” by six analysts currently covering the stock, according to Marketbeat Ratings. This rating is based on two “Sell” recommendations, three “Hold” recommendations, and one “Buy” recommendation.

Analysts predict an average 12-month price target of GBX 5,471 ($72.27) for IHG shares.

Recent reports from various research firms highlight mixed sentiment. Deutsche Bank Aktiengesellschaft maintained a “Hold” rating with a GBX 8,300 ($109.64) target price, while Berenberg Bank also reiterated a “Hold” rating, setting a GBX 7,400 ($97.75) target price. However, The Goldman Sachs Group upgraded IHG to a “Buy” rating.

**Dividend Announcement:**

The company recently announced a dividend of $0.53 per share, payable on Thursday, October 3rd to shareholders of record as of Thursday, August 29th. This represents a dividend yield of 0.57% and a payout ratio of 4,237.29%.

**Insider Transactions:**

Ron Kalifa, an insider at IHG, purchased 679 shares of the company’s stock on Tuesday, August 6th at an average price of GBX 7,624 ($100.71) per share, totaling £51,766.96 ($68,384.36). Insiders currently own 6.00% of the company’s stock.

**Company Overview:**

InterContinental Hotels Group PLC is a global hospitality company that owns, manages, franchises, and leases hotels across the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates a diverse portfolio of hotels under various brand names, including Six Senses, Regent, InterContinental Hotels & Resorts, and Holiday Inn.

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