Intercontinental Hotels Group (NYSE:IHG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Intercontinental Hotels Group (NYSE:IHG) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $154.00.

A number of research firms have weighed in on IHG. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Tuesday, May 26th. Sanford C. Bernstein lifted their price target on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th.

Intercontinental Hotels Group Stock Performance

NYSE:IHG opened at $173.72 on Friday. Intercontinental Hotels Group has a fifty-two week low of $113.32 and a fifty-two week high of $175.89. The firm has a 50-day simple moving average of $155.13 and a two-hundred day simple moving average of $144.17.

Institutional Trading of Intercontinental Hotels Group

A number of large investors have recently made changes to their positions in IHG. Jones Financial Companies Lllp grew its stake in shares of Intercontinental Hotels Group by 228.2% in the first quarter. Jones Financial Companies Lllp now owns 4,844 shares of the company’s stock worth $531,000 after acquiring an additional 3,368 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Intercontinental Hotels Group by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 668,948 shares of the company’s stock worth $73,310,000 after acquiring an additional 16,461 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Intercontinental Hotels Group by 44.9% in the second quarter. Russell Investments Group Ltd. now owns 2,518 shares of the company’s stock worth $290,000 after acquiring an additional 780 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Intercontinental Hotels Group by 42.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock worth $50,000 after acquiring an additional 129 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Intercontinental Hotels Group by 56.3% in the second quarter. EverSource Wealth Advisors LLC now owns 933 shares of the company’s stock worth $108,000 after acquiring an additional 336 shares during the period. 15.09% of the stock is currently owned by institutional investors.

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.