Intercontinental Hotels Group (NYSE:IHG) Receives Consensus Rating of “Hold” from Analysts

Shares of Intercontinental Hotels Group (NYSE:IHG) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company.

A number of research firms have weighed in on IHG. Jefferies Financial Group raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 12th. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a report on Friday, September 26th. Wall Street Zen downgraded Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Morgan Stanley raised Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, October 1st.

Intercontinental Hotels Group Price Performance

Shares of IHG stock opened at $140.85 on Friday. The business’s 50-day moving average price is $133.19 and its 200-day moving average price is $124.27. Intercontinental Hotels Group has a 12 month low of $94.78 and a 12 month high of $144.96.

Institutional Trading of Intercontinental Hotels Group

Institutional investors have recently made changes to their positions in the company. Hilltop National Bank bought a new stake in Intercontinental Hotels Group in the 2nd quarter worth about $41,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Intercontinental Hotels Group by 42.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock worth $50,000 after buying an additional 129 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Intercontinental Hotels Group by 136.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 473 shares of the company’s stock worth $57,000 after buying an additional 273 shares during the last quarter. MAI Capital Management grew its holdings in shares of Intercontinental Hotels Group by 330.6% in the second quarter. MAI Capital Management now owns 676 shares of the company’s stock valued at $78,000 after acquiring an additional 519 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Intercontinental Hotels Group by 68.1% during the first quarter. Smartleaf Asset Management LLC now owns 960 shares of the company’s stock valued at $105,000 after acquiring an additional 389 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Company Profile

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.