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

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

A number of analysts have recently commented on the company. Jefferies Financial Group raised Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Wednesday, October 8th. Morgan Stanley raised shares of Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, October 1st. Berenberg Bank raised shares of Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Wall Street Zen cut shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a report on Monday, October 27th.

Institutional Investors Weigh In On Intercontinental Hotels Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Hilltop National Bank acquired a new position in shares of Intercontinental Hotels Group in the 2nd quarter valued at $41,000. Northwestern Mutual Wealth Management Co. lifted its stake in Intercontinental Hotels Group by 42.3% during 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 boosted its holdings 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 worth $57,000 after buying an additional 273 shares during the period. MAI Capital Management increased its position in shares of Intercontinental Hotels Group by 330.6% in the second quarter. MAI Capital Management now owns 676 shares of the company’s stock worth $78,000 after acquiring an additional 519 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Intercontinental Hotels Group by 56.3% during the second quarter. EverSource Wealth Advisors LLC now owns 933 shares of the company’s stock valued at $108,000 after acquiring an additional 336 shares during the period. 15.09% of the stock is owned by institutional investors and hedge funds.

Intercontinental Hotels Group Price Performance

Shares of NYSE:IHG opened at $139.00 on Tuesday. Intercontinental Hotels Group has a 12 month low of $94.78 and a 12 month high of $144.96. The stock’s 50 day moving average price is $136.76 and its 200 day moving average price is $126.69.

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.