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

Key Points

• Intercontinental Hotels Group has a consensus “Moderate Buy” rating among seven analysts, with three buys, one strong buy, two holds and one sell. The average 12-month price target is $174.50.
• Analyst views are mixed but several firms recently raised their targets, including Jefferies, which lifted its objective to $195 and maintained a buy rating; Zacks Research, however, downgraded the stock to “strong sell.”
• IHG shares opened at $157.56, compared with a one-year range of $116.22 to $175.89. Institutional investors own 15.09% of the company, while several funds recently increased their positions.

Shares of Intercontinental Hotels Group (NYSE:IHG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $174.50.

A number of equities analysts have commented on the company. Jefferies Financial Group boosted their price objective on Intercontinental Hotels Group from $160.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Weiss Ratings restated a "buy (b)" rating on shares of Intercontinental Hotels Group in a research report on Tuesday, May 26th. Sanford C. Bernstein boosted their target price on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the stock a "market perform" rating in a research note on Friday, May 15th. Finally, Zacks Research cut shares of Intercontinental Hotels Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th.

Intercontinental Hotels Group Price Performance

Shares of IHG opened at $157.56 on Friday. Intercontinental Hotels Group has a one year low of $116.22 and a one year high of $175.89. The business's 50 day simple moving average is $163.78 and its 200-day simple moving average is $149.12.

Institutional Investors Weigh In On Intercontinental Hotels Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its holdings in Intercontinental Hotels Group by 178.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company's stock valued at $25,000 after acquiring an additional 116 shares during 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 during the last quarter. Fifth Third Bancorp grew its position in shares of Intercontinental Hotels Group by 111.0% during the 4th quarter. Fifth Third Bancorp now owns 211 shares of the company's stock worth $30,000 after buying an additional 111 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Intercontinental Hotels Group by 72.2% in the fourth 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 period. Finally, Global Retirement Partners LLC boosted its stake in Intercontinental Hotels Group by 525.6% in the fourth quarter. Global Retirement Partners LLC now owns 269 shares of the company's stock valued at $38,000 after acquiring an additional 226 shares during the last quarter. Institutional investors own 15.09% of the company's stock.

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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