Intercontinental Hotels Group (NYSE:IHG) Receives Average Rating of "Hold" from Analysts

Key Points

• Intercontinental Hotels Group (NYSE: IHG) has an **average analyst rating of "Hold"**, with one sell rating, three holds, and three buy ratings from seven brokerages.
• The company's **stock price** opened at $121.02, with a 12-month low of **$94.78** and a high of **$137.25**, reflecting a market capitalization of **$18.48 billion**.
• Recent changes in ratings include upgrades from Morgan Stanley and JPMorgan Chase & Co., indicating **increased investor interest** from several institutional investors as they adjust their holdings in IHG.

Shares of Intercontinental Hotels Group (NYSE:IHG - Get Free Report) have received an average recommendation of "Hold" from the seven brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company.

A number of analysts recently weighed in on IHG shares. Morgan Stanley upgraded Intercontinental Hotels Group from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, October 1st. Wall Street Zen downgraded Intercontinental Hotels Group from a "buy" rating to a "hold" rating in a research note on Saturday. Weiss Ratings restated a "buy (b)" rating on shares of Intercontinental Hotels Group in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised Intercontinental Hotels Group from a "neutral" rating to an "overweight" rating in a report on Friday, September 26th.

Hedge Funds Weigh In On Intercontinental Hotels Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Intercontinental Hotels Group by 4.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company's stock worth $232,000 after acquiring an additional 96 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Intercontinental Hotels Group in the first quarter worth $276,000. Northern Trust Corp raised its holdings in shares of Intercontinental Hotels Group by 3.2% in the first quarter. Northern Trust Corp now owns 150,918 shares of the company's stock worth $16,539,000 after acquiring an additional 4,644 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of Intercontinental Hotels Group in the second quarter worth $250,000. Finally, XTX Topco Ltd acquired a new position in shares of Intercontinental Hotels Group in the first quarter worth $1,650,000. 15.09% of the stock is owned by institutional investors and hedge funds.

Intercontinental Hotels Group Price Performance

IHG opened at $121.02 on Friday. Intercontinental Hotels Group has a 12 month low of $94.78 and a 12 month high of $137.25. The stock has a market capitalization of $18.48 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.75 and a beta of 1.24. The business has a 50 day simple moving average of $121.08 and a 200-day simple moving average of $116.03.

Intercontinental Hotels Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, August 22nd were issued a dividend of $0.566 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a yield of 140.0%. Intercontinental Hotels Group's payout ratio is currently 20.04%.

Intercontinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.

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