Intercontinental Hotels Group (NYSE:IHG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Intercontinental Hotels Group (NYSE:IHG) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several research analysts have weighed in on IHG shares. Berenberg Bank upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Jefferies Financial Group upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, December 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a report on Monday, October 27th.

Institutional Investors Weigh In On Intercontinental Hotels Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. lifted its stake in Intercontinental Hotels Group by 178.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company’s stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Intercontinental Hotels Group by 1,453.8% in the fourth 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 lifted its position in shares of Intercontinental Hotels Group by 111.0% during the fourth quarter. Fifth Third Bancorp now owns 211 shares of the company’s stock valued at $30,000 after purchasing an additional 111 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Intercontinental Hotels Group by 72.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock worth $30,000 after purchasing an additional 91 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in Intercontinental Hotels Group by 525.6% in the 4th quarter. Global Retirement Partners LLC now owns 269 shares of the company’s stock worth $38,000 after purchasing an additional 226 shares in the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Hotels Group Stock Up 0.1%

Shares of NYSE:IHG opened at $146.03 on Friday. Intercontinental Hotels Group has a twelve month low of $94.78 and a twelve month high of $150.89. The stock’s 50 day moving average is $139.83 and its 200-day moving average is $129.20.

Intercontinental Hotels Group Company Profile

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.