InterContinental Hotels Group

IHG: 3,337.00 -15.00 (▼0.45%)

Delayed:2016-12-12 08:03:46
Bid Price 3,331.00 High Price 3,344.00
Ask Price 3,339.00 Low Price 3,335.00
Open Price 3,344.00 Spread 0.24%
Prev Close 3,350.00 Volume 2,679.00

InterContinental Hotels Group Share Price Chart


Historic – 1 year

InterContinental Hotels Group Share Price Information

Name InterContinental Hotels Group Epic IHG
Sector Travel & Leisure ISIN GB00BYXK6398
Activites The world’s largest hotel group by number of rooms. InterContinental Hotels Group owns, manages, leases or franchises, through various subsidiaries, more than 3,500 hotels and 535,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognised and respected hotel brands including InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels and Resorts, Holiday Inn Express, Staybridge Suites, Candlewood Suites and Hotel IndigoTM, and also manages the world’s largest hotel loyalty programme, Priority Club Rewards, with over 25 million members worldwide. In addition to this, InterContinental Hotels Group has a 47.5% interest in Britvic, one of the two leading manufacturers of soft drinks, by value and volume, in Great Britain. Security Type Equity

Key numbers

Latest Share Price (p) 3,335.00 Net Gearing (%) 61.37
Market Cap (£m) 6,612.88 Gross Gearing (%) 91.54
Shares in issue (m) 197.52 Debt Ratio 86.71
P/E Ratio 6.44 Debt-to-Equity Ratio 0.60
Divs per share (p) 58.00 Assets / Equity Ratio 11.82
Dividend Yield (%) 1.88 Price to book value 20.73
Dividend Cover 4.60 SROCE (%) 58.83
Earning per share (p) 520.00 EPS Growth (%) 228.49
52-week high / low (p) 3,454.00 / 2,164.00 DPS Growth (%) 19.34

InterContinental Hotels Group Broker Views

Date Broker Rec. Price Old target price New target price Notes
24 Nov Barclays Capital Equal weight 3,337.00 3060.00 3060.00 Reiterates
23 Nov JP Morgan Cazenove Underweight 3,337.00 2975.00 2975.00 Reiterates
14 Nov HSBC Reduce 3,337.00 2900.00 2900.00 Reiterates
25 Oct Credit Suisse Outperform 3,337.00 3550.00 3550.00 Reiterates
24 Oct Beaufort Securities Buy 3,337.00 Retains

InterContinental Hotels Group Director Deals

Date Director Type Volume / Price Trade Value
01 Nov 2016 Richard Solomons Sell 37340 @ 3156.69p £1,178,706.18
03 Aug 2016 Richard Solomons Sell 55782 @ 3077.88p £1,716,903.02
03 Aug 2016 Richard Solomons Sell 27198 @ 3077.88p £837,121.80

InterContinental Hotels Group Company News

FTSE weakens on oil and strong pound

The FTSE 100 was 1.5% lower at 6,724 as Royal Dutch Shell (RDSB) continued to lose momentum.

The oil giant slid 4.7% on a double whammy of weaker oil prices and a stronger pound against the dollar. Sterling gained 0.1% to $1.26.

West Texas Intermediate (WTI) fell 2.3% to $43.63 and Brent crude oil was 2.2% down at $44.84 per barrel, respectively.

Gold slumped 2.3% to $1,236 per ounce and copper’s rally ended. The metal slid 0.8% to $5,577 per tonne.

In the US, consumer confidence rose from 87.2 to 91.6 in November, according to the University of Michigan’s preliminary survey.


Shares in Holiday Inn owner Intercontinental Hotels (IHG) dipped as London’s absolute occupancy rates reached their lowest levels in October since 2008.


Insulation products group SIG (SHI) spooked investors with a profit warning and announced chief executive Stuart Mitchell is to be axed. It crashed 21% to 91.5p as SIG said that tough trading conditions and strong competition in the UK was likely to result in lower profit of between £75m to £80m. Previous profit was anticipated to be £92m.

Global mobile satellite communications provider Inmarsat (ISAT) announced it will provide in-flight broadband to several Austrian Airlines’ fleet as part of its new ‘GX for Aviation’ programme.


Shares in exploration and development firm GCM Resources (GCM) soared 262% to 50.7p after agreeing a momentum of understanding with China Gezhouba Group concerning the feasibility of a joint venture

The market didn’t dig miner Lonmin’s (LMI) decision to enter a conditional sale and purchase agreement to acquire Anglo American Platinum’s 42.5% of the Pandora joint venture.

Oil exploration minnow Mosman Oil & Gas (MSMN) slid 25% to 1.24p after HSBC cut its stake in the business below the disclosure threshold.

Gold miner Atalaya Mining (ATYM) jumped 13.6% to 122.7p with investors still positive following last month’s upbeat operational update of its Proyecto Riotinto project. It showed a 97% quarter-on-quarter hike in output to 8,752 tonnes.

Castings (CGS) posted a downbeat interim statement as pre-tax profit dropped from £9.51m to £7.08m and the Brexit vote posed uncertainty.

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IHG downgraded by Kepler

Kepler Cheuvreux has moved to a ‘reduce’ investment rating on InterContinental Hotels (LON:IHG) – from ‘hold’ – stating that the group has an attractive model but lacks catalysts.

The broker commented: “Even though InterContinental still has an attractive profile, we see RevPAR gradually slowing and struggle to find a catalyst in the short term.”

Kepler added: “The Q3 trading update has shown a real slowdown versus H1: +1.3% LFL (0% on a published base) versus +2% in H1. America was up 1.9% in Q3 versus +2.4% in H1. Europe was up 1.2% in Q3 versus 2% in H1. AMEA was flat at +0.1% versus +0.4% in H1.”

Analysts have cut their target price to 3,022.8 pence per share from their previous target of 3,074 pence.

At 2:37pm: (LON:IHG) InterContinental Hotels Group PLC share price was -1p at 3159p

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Broker Forecast – Kepler Cheuvreux issues a broker note on InterContinental Hotels Group PLC

Kepler Cheuvreux today downgrades its investment rating on InterContinental Hotels Group PLC (LON:IHG) to reduce (from hold) and cut its price target to 3022.80p (from 3074p).

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Broker Forecast – Barclays Capital issues a broker note on InterContinental Hotels Group PLC

Barclays Capital today reaffirms its equal weight investment rating on InterContinental Hotels Group PLC (LON:IHG) and raised its price target to 3060p (from 2955p).

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US investors sour on tobacco deal

The blue chip index fell into the red after earlier gains as US investor sentiment soured on the British American Tobacco (BATS) deal.

The FTSE 100 closed 0.1% lower at 7,020.

Pharmaceutical firms Hikma (HIK) and Shire (SHP) were among the biggest fallers.

West Texas Intermediate (WTI) crude oil nudged lower to $50.57, while Brent crude oil gained 0.3% to $51.56 per barrel, respectively.


British American Tobacco (BATS) declined 2.8% before shares started to recover after announcing a $47bn offer to buy the 57.8% of US peer Reynolds American (RAI) it does not already own. It also delivered a robust third quarter trading update, showing good growth and increasing market share.

Media reports suggested that Burberry (BRBY) was working on a possible merger with US firm Coach, prompting shares in the luxury fashion house to climb 2.3% to £14.83.

Intercontinental Hotels (IHG) failed to impress investors following concerns over slowing growth in the third quarter.


Acacia Mining (ACA) delivered impressive third quarter results, as gold production climbed by a quarter to 204,726 ounces and sales of the metal jumped by 24%.

Gaming technology firm Playtech (PTEC) was flat after revealing a £14.9m deal to buy bingo software play ECM Systems.


Shares in Time Out (TMO) nudged higher following an all paper £2.4m deal for London-based booking platform YPlan.

Bushveld Minerals (BMN) raised £750,000 via a shares placing, which will be used for general working capital purposes.

Shares in Trinity Capital (TRC) soared 120.6% to 3.86p on the disposal of its investments in Trinity Capital One and Trinity Capital Five for approximately £8.8m.

Asian Investment Management Services purchased over one million shares in Chagala (CGLO) representing 6.02% of the company.

Customer acquisition specialist Digital Globe Services (DGS) rallied 79% to 59p and Ibex Global Solutions (IBEX) gained 27% to 109p as a major shareholder in both, The Resources Group International, announced £18.1m and £44.3m deals respectively to take them private.

Recruiter RTC (RTC) was on the red following a warning on profits after delays to infrastructure projects. Shares in the firm plummeted 18.2% to 43.78p.

Brick maker Michelmersh (MBH) warned investors about full year profits, which it blamed on increased competition and pricing levels not reaching the levels anticipated, causing a drop of 19% to 51p.

Diagnostic testing kit maker Immunodiagnostic Systems (IDH) failed to arrest declining revenue (on a constant currency basis) in its first half, triggering a share price drop of 17% to 172p.

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