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

Shares of Intercontinental Hotels Group (NYSE:IHG) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $154.00.

A number of equities research analysts recently weighed in on IHG shares. Sanford C. Bernstein raised their price target on Intercontinental Hotels Group from $141.00 to $154.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Tuesday, May 26th.

Institutional Trading of Intercontinental Hotels Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its position in Intercontinental Hotels Group by 4.7% in the 1st quarter. NewEdge Advisors LLC now owns 8,207 shares of the company’s stock valued at $1,095,000 after acquiring an additional 369 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Intercontinental Hotels Group by 25.0% during the first quarter. Quantinno Capital Management LP now owns 93,268 shares of the company’s stock worth $12,448,000 after purchasing an additional 18,631 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Intercontinental Hotels Group by 198.5% during the first quarter. Renaissance Technologies LLC now owns 60,600 shares of the company’s stock worth $8,088,000 after purchasing an additional 40,300 shares in the last quarter. Compound Planning Inc. lifted its position in shares of Intercontinental Hotels Group by 5.4% during the first quarter. Compound Planning Inc. now owns 1,694 shares of the company’s stock worth $226,000 after purchasing an additional 87 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Intercontinental Hotels Group by 55.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 406,572 shares of the company’s stock worth $54,261,000 after purchasing an additional 145,360 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Hotels Group Trading Up 0.2%

IHG stock opened at $171.05 on Friday. Intercontinental Hotels Group has a 1-year low of $109.79 and a 1-year high of $173.38. The business’s 50 day moving average is $152.18 and its 200-day moving average is $142.86.

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.