Intercontinental Hotels Group (NYSE:IHG) Receives Average Rating of “Hold” from Brokerages

Intercontinental Hotels Group (NYSE:IHG) has received an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company.

IHG has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Wednesday, October 8th. Morgan Stanley raised Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, October 1st. Jefferies Financial Group raised Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. upgraded Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a research note on Friday, September 26th. Finally, Wall Street Zen lowered Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Monday, October 27th.

Intercontinental Hotels Group Price Performance

NYSE IHG opened at $143.41 on Friday. The company’s fifty day simple moving average is $131.23 and its 200-day simple moving average is $123.34. Intercontinental Hotels Group has a 52 week low of $94.78 and a 52 week high of $144.96.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its holdings in Intercontinental Hotels Group by 3.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,347 shares of the company’s stock worth $2,449,000 after acquiring an additional 676 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Intercontinental Hotels Group by 23.3% during the first quarter. Russell Investments Group Ltd. now owns 1,738 shares of the company’s stock worth $191,000 after purchasing an additional 328 shares during the last quarter. Raymond James Financial Inc. grew its stake in Intercontinental Hotels Group by 5.8% in the first quarter. Raymond James Financial Inc. now owns 116,818 shares of the company’s stock worth $12,802,000 after purchasing an additional 6,379 shares in the last quarter. Northern Trust Corp grew its stake in 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 purchasing an additional 4,644 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Intercontinental Hotels Group by 68.1% in the first quarter. Smartleaf Asset Management LLC now owns 960 shares of the company’s stock valued at $105,000 after buying an additional 389 shares during the last quarter. 15.09% of the stock is currently owned by institutional investors.

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.