Intercontinental Hotels Group (NYSE:IHG) Given Consensus Recommendation of “Hold” by Analysts

Intercontinental Hotels Group (NYSE:IHG) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company.

IHG has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a research report on Friday, September 26th. Morgan Stanley raised Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, October 1st. Jefferies Financial Group upgraded 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 research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Monday, October 27th.

Intercontinental Hotels Group Price Performance

Shares of Intercontinental Hotels Group stock opened at $143.41 on Friday. Intercontinental Hotels Group has a fifty-two week low of $94.78 and a fifty-two week high of $144.96. The business has a 50-day moving average price of $131.23 and a 200 day moving average price of $123.34.

Institutional Trading of Intercontinental Hotels Group

Several hedge funds have recently bought and sold shares of the company. Hilltop National Bank bought a new position in Intercontinental Hotels Group in the 2nd quarter valued at $41,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Intercontinental Hotels Group by 42.3% during 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 last quarter. Farther Finance Advisors LLC lifted its stake in shares of Intercontinental Hotels Group by 136.5% during the third quarter. Farther Finance Advisors LLC now owns 473 shares of the company’s stock valued at $57,000 after acquiring an additional 273 shares during the period. MAI Capital Management boosted its holdings in 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 during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Intercontinental Hotels Group by 68.1% in 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. 15.09% of the stock is currently owned by institutional investors.

About Intercontinental Hotels Group

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.