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

Shares of Intercontinental Hotels Group (NYSE:IHG) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company.

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

Institutional Trading of Intercontinental Hotels Group

Large investors have recently added to or reduced their stakes in the stock. Hilltop National Bank purchased a new position in Intercontinental Hotels Group in the second quarter valued at about $41,000. 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 valued at $50,000 after buying an additional 129 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Intercontinental Hotels Group by 136.5% in the third quarter. Farther Finance Advisors LLC now owns 473 shares of the company’s stock valued at $57,000 after buying an additional 273 shares in the last quarter. MAI Capital Management raised its holdings in shares of Intercontinental Hotels Group by 330.6% during the 2nd quarter. MAI Capital Management now owns 676 shares of the company’s stock valued at $78,000 after buying an additional 519 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Intercontinental Hotels Group by 68.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 960 shares of the company’s stock worth $105,000 after acquiring an additional 389 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Hotels Group Stock Performance

IHG stock opened at $143.41 on Friday. The business has a fifty day simple moving average of $131.23 and a 200-day simple moving average of $123.34. Intercontinental Hotels Group has a 52 week low of $94.78 and a 52 week high of $144.96.

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.