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

Shares of Intercontinental Hotels Group (NYSE:IHG) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $179.00.

A number of equities research analysts have recently issued reports on IHG shares. UBS Group raised Intercontinental Hotels Group from a “neutral” rating to a “buy” rating and set a $188.00 target price on the stock in a research report on Wednesday, September 2nd. Jefferies Financial Group increased their price target on Intercontinental Hotels Group from $160.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Zacks Research raised Intercontinental Hotels Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Friday, August 21st.

Intercontinental Hotels Group Trading Up 0.4%

Shares of NYSE:IHG opened at $161.51 on Friday. The stock has a fifty day moving average of $158.72 and a 200-day moving average of $154.44. Intercontinental Hotels Group has a one year low of $118.47 and a one year high of $175.89.

Intercontinental Hotels Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, August 21st were issued a $0.6450 dividend. The ex-dividend date was Friday, August 21st. This is a negative change from Intercontinental Hotels Group’s previous dividend of $1.2590. This represents a dividend yield of 81.0%.

Institutional Investors Weigh In On Intercontinental Hotels Group

A number of large investors have recently made changes to their positions in IHG. Goldman Sachs Group Inc. lifted its holdings in shares of Intercontinental Hotels Group by 1.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 710,121 shares of the company’s stock valued at $100,006,000 after purchasing an additional 9,235 shares in the last quarter. Natixis Advisors LLC lifted its stake in Intercontinental Hotels Group by 3.9% in the 4th quarter. Natixis Advisors LLC now owns 465,747 shares of the company’s stock worth $65,591,000 after acquiring an additional 17,503 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Intercontinental Hotels Group by 55.6% during 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 during the period. ABC Arbitrage SA grew its stake in Intercontinental Hotels Group by 31.0% during the 1st quarter. ABC Arbitrage SA now owns 134,259 shares of the company’s stock valued at $17,918,000 after acquiring an additional 31,754 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Intercontinental Hotels Group by 25.0% during the 1st quarter. Quantinno Capital Management LP now owns 93,268 shares of the company’s stock valued at $12,448,000 after acquiring an additional 18,631 shares in the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

Intercontinental Hotels Group Company Profile

InterContinental Hotels Group PLC (NYSE: IHG), commonly known as IHG Hotels & Resorts, is a global hospitality company that operates, manages, franchises and licenses hotels and resorts. Its portfolio serves a broad range of travelers, from luxury and lifestyle guests to business and value-oriented customers.

IHG’s brand family includes InterContinental, Regent Hotels & Resorts, Six Senses, Kimpton, Vignette Collection, Crowne Plaza, voco, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, avid hotels, Atwell Suites and Garner Hotel.