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

Intercontinental Hotels Group (NYSE:IHGGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $154.00.

IHG has been the subject of several recent analyst reports. Sanford C. Bernstein boosted their target price on Intercontinental Hotels Group from $141.00 to $154.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Tuesday, May 26th.

Check Out Our Latest Analysis on Intercontinental Hotels Group

Institutional Trading of Intercontinental Hotels Group

Large investors have recently made changes to their positions in the stock. CCLA Investment Management bought a new position in shares of Intercontinental Hotels Group in the fourth quarter worth about $114,306,000. CIBC Bancorp USA Inc. bought a new stake in Intercontinental Hotels Group during the 3rd quarter valued at about $42,374,000. Lord Abbett & CO. LLC purchased a new stake in Intercontinental Hotels Group in the 4th quarter valued at about $26,758,000. Lazard Asset Management LLC grew its stake in Intercontinental Hotels Group by 98.4% in the 2nd quarter. Lazard Asset Management LLC now owns 355,863 shares of the company’s stock worth $41,044,000 after acquiring an additional 176,502 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Intercontinental Hotels Group by 55.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 406,572 shares of the company’s stock worth $54,261,000 after acquiring an additional 145,360 shares in the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Hotels Group Trading Up 0.2%

Shares of NYSE:IHG opened at $155.21 on Monday. Intercontinental Hotels Group has a 12 month low of $109.79 and a 12 month high of $159.57. The firm’s 50-day moving average is $143.32 and its 200 day moving average is $139.55.

Intercontinental Hotels Group Dividend Announcement

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

Intercontinental Hotels Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Intercontinental Hotels Group (NYSE:IHG)

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