Intercontinental Hotels Group (NYSE:IHG) Receives Average Rating of “Moderate Buy” from Analysts

Intercontinental Hotels Group (NYSE:IHG) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $154.00.

Separately, Sanford C. Bernstein raised their price target on 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IHG. Jones Financial Companies Lllp raised its stake in shares of Intercontinental Hotels Group by 228.2% in the 1st quarter. Jones Financial Companies Lllp now owns 4,844 shares of the company’s stock valued at $531,000 after acquiring an additional 3,368 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Intercontinental Hotels Group by 2.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 668,948 shares of the company’s stock valued at $73,310,000 after acquiring an additional 16,461 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Intercontinental Hotels Group by 44.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,518 shares of the company’s stock valued at $290,000 after acquiring an additional 780 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Intercontinental Hotels Group by 42.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock valued at $50,000 after acquiring an additional 129 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Intercontinental Hotels Group by 56.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 933 shares of the company’s stock valued at $108,000 after acquiring an additional 336 shares in the last quarter. 15.09% of the stock is owned by institutional investors.

Intercontinental Hotels Group Stock Down 0.0%

IHG opened at $153.04 on Monday. Intercontinental Hotels Group has a fifty-two week low of $109.79 and a fifty-two week high of $155.47. The business has a 50-day moving average of $140.85 and a 200-day moving average of $138.54.

Intercontinental Hotels Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, May 14th. Investors of record on Friday, April 10th were paid a $1.259 dividend. This represents a dividend yield of 178.0%. The ex-dividend date of this dividend was Friday, April 10th.

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.