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

Shares of Intercontinental Hotels Group (NYSE:IHG) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company.

Several equities analysts recently issued reports on IHG shares. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Thursday, January 22nd. Berenberg Bank raised Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Jefferies Financial Group upgraded Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 12th. Finally, Wall Street Zen cut Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Monday, October 27th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CCLA Investment Management bought a new position in Intercontinental Hotels Group during the fourth quarter worth $114,306,000. CIBC Bancorp USA Inc. acquired a new position in shares of Intercontinental Hotels Group during the third quarter valued at about $42,374,000. JPMorgan Chase & Co. boosted its position in shares of Intercontinental Hotels Group by 125.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 451,823 shares of the company’s stock worth $52,113,000 after purchasing an additional 251,647 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Intercontinental Hotels Group in the 4th quarter valued at about $26,758,000. Finally, Lazard Asset Management LLC grew its stake in shares of Intercontinental Hotels Group by 98.4% in the 2nd quarter. Lazard Asset Management LLC now owns 355,863 shares of the company’s stock valued at $41,044,000 after buying an additional 176,502 shares during the period. Institutional investors and hedge funds own 15.09% of the company’s stock.

Intercontinental Hotels Group Stock Performance

Shares of NYSE IHG opened at $146.03 on Friday. The company’s 50 day moving average price is $139.83 and its 200-day moving average price is $129.20. Intercontinental Hotels Group has a 52-week low of $94.78 and a 52-week high of $150.89.

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.