Intercontinental Hotels Group (NYSE:IHG) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analysts give Intercontinental Hotels Group a consensus recommendation of Buy from five covering firms (1 hold, 3 buy, 1 strong buy), with Berenberg recently upgrading to strong-buy and Weiss reissuing a buy.
• IHG disclosed a dividend of $1.259 per share payable on May 14 to shareholders of record on April 10, with an ex-dividend date of April 10 and a reported dividend yield of 178.0%.
• IHG stock opened at $142.42 and is trading in a one-year range of $105.09 to $150.89, with a 50-day simple moving average of $137.34 and a 200-day simple moving average of $135.61.

Intercontinental Hotels Group (NYSE:IHG - Get Free Report) has earned a consensus recommendation of "Buy" from the five ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of research firms have commented on IHG. 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. Weiss Ratings reissued a "buy (b)" rating on shares of Intercontinental Hotels Group in a research note on Thursday, January 22nd.

Institutional Investors Weigh In On Intercontinental Hotels Group

A number of institutional investors have recently made changes to their positions in IHG. Brown Brothers Harriman & Co. boosted its stake in shares of Intercontinental Hotels Group by 178.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company's stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Intercontinental Hotels Group by 1,453.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 202 shares of the company's stock valued at $28,000 after purchasing an additional 189 shares in the last quarter. Fifth Third Bancorp raised its holdings in Intercontinental Hotels Group by 111.0% during the 4th quarter. Fifth Third Bancorp now owns 211 shares of the company's stock valued at $30,000 after buying an additional 111 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in Intercontinental Hotels Group by 72.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company's stock valued at $30,000 after buying an additional 91 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Intercontinental Hotels Group by 525.6% during the 4th quarter. Global Retirement Partners LLC now owns 269 shares of the company's stock valued at $38,000 after buying an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company's stock.

Intercontinental Hotels Group Price Performance

IHG stock opened at $142.42 on Thursday. Intercontinental Hotels Group has a one year low of $105.09 and a one year high of $150.89. The firm has a 50 day simple moving average of $137.34 and a two-hundred day simple moving average of $135.61.

Intercontinental Hotels Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Friday, April 10th will be paid a $1.259 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a dividend yield of 178.0%.

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.

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