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

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

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

Institutional Investors Weigh In On Intercontinental Hotels Group

A number of large investors have recently added to or reduced their stakes in IHG. CCLA Investment Management purchased a new stake in shares of Intercontinental Hotels Group during the fourth quarter worth about $114,306,000. CIBC Bancorp USA Inc. bought a new position in Intercontinental Hotels Group during the 3rd quarter valued at approximately $42,374,000. JPMorgan Chase & Co. lifted its holdings in Intercontinental Hotels Group by 125.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 451,823 shares of the company’s stock worth $52,113,000 after buying an additional 251,647 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Intercontinental Hotels Group in the 4th quarter worth approximately $26,758,000. Finally, Lazard Asset Management LLC grew its position 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 worth $41,044,000 after buying an additional 176,502 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Price Performance

Shares of NYSE IHG opened at $144.55 on Friday. The stock’s 50-day moving average is $140.92 and its 200 day moving average is $130.21. Intercontinental Hotels Group has a 1-year low of $94.78 and a 1-year 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.