InterContinental Hotels Group PLC (NYSE:IHG) Receives Consensus Recommendation of "Hold" from Analysts

Wednesday, March 17, 2021 | MarketBeat

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have received a consensus rating of "Hold" from the nineteen research firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $55.00.

IHG has been the subject of a number of research reports. Exane BNP Paribas cut InterContinental Hotels Group from a "neutral" rating to an "underperform" rating in a research report on Monday, January 25th. Peel Hunt lowered InterContinental Hotels Group from a "hold" rating to a "reduce" rating in a report on Monday, February 22nd. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of InterContinental Hotels Group in a research note on Tuesday, March 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of InterContinental Hotels Group in a research note on Wednesday, March 10th. Finally, UBS Group reaffirmed a "sell" rating on shares of InterContinental Hotels Group in a research note on Thursday, March 11th.

A number of hedge funds have recently modified their holdings of IHG. JPMorgan Chase & Co. raised its position in InterContinental Hotels Group by 73.4% during the fourth quarter. JPMorgan Chase & Co. now owns 271,839 shares of the company's stock valued at $17,703,000 after purchasing an additional 115,089 shares during the period. Verition Fund Management LLC purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter worth approximately $3,455,000. Aperio Group LLC raised its holdings in shares of InterContinental Hotels Group by 10.2% in the third quarter. Aperio Group LLC now owns 189,433 shares of the company's stock worth $9,941,000 after buying an additional 17,502 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter worth approximately $696,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of InterContinental Hotels Group in the third quarter worth approximately $535,000. Institutional investors and hedge funds own 3.90% of the company's stock.

InterContinental Hotels Group stock opened at $72.02 on Wednesday. The stock has a market cap of $13.20 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 21.50 and a beta of 1.34. InterContinental Hotels Group has a one year low of $25.39 and a one year high of $75.20. The stock has a fifty day moving average of $68.96 and a 200 day moving average of $61.62.

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, resorts, restaurants, and spas under the InterContinental Hotels & Resorts, Regent, Six Senses, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Voco, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, and Candlewood Suites brand names.

Featured Story: What are different types of coverage ratios?

Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: How is an ETF different from a mutual fund?



7 Low-Priced Dividend Stocks Under $10

The recent trading activity surrounding low-priced stocks like GameStop (NYSE:GME) is a reminder to investors of the high-risk nature involved with these stocks. Often when a stock trades for under $10 (also termed a penny stock), it is trading that low for a reason. The company may not be profitable, or in the case of GameStop, it finds itself with a business model that no longer fits with consumer trends.

But that’s not always the case. It is possible to find low-priced stocks, even penny stocks, that offer great value. This is particularly true if the stock offers investors a dividend. Dividend-earning stocks are a diversification source for a consumer’s portfolio, particularly if the dividend gets reinvested. It’s literally like paying yourself for owning the stock.

And the stocks in this presentation look ready also to deliver some additional stock price growth that can increase your total return.

View the "7 Low-Priced Dividend Stocks Under $10".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.