Intercontinental Hotels Group (NYSE:IHG) Stock Has Consensus Price Target of $179.00 According to Analysts

by · The Markets Daily

Shares of Intercontinental Hotels Group (NYSE:IHG – Get Free Report) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, 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 objective among brokers that have issued a report on the stock in the last year is $179.00.

IHG has been the subject of a number of research analyst reports. UBS Group raised Intercontinental Hotels Group from a “neutral” rating to a “buy” rating and set a $188.00 target price for the company in a research report on Wednesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Friday, August 21st. Jefferies Financial Group increased their target price 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. Finally, Zacks Research upgraded Intercontinental Hotels Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th.

View Our Latest Stock Analysis on IHG

Institutional Trading of Intercontinental Hotels Group

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in Intercontinental Hotels Group by 1.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 710,121 shares of the company’s stock worth $100,006,000 after purchasing an additional 9,235 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Intercontinental Hotels Group by 3.9% during the fourth quarter. Natixis Advisors LLC now owns 465,747 shares of the company’s stock worth $65,591,000 after purchasing an additional 17,503 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Intercontinental Hotels Group by 55.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 406,572 shares of the company’s stock valued at $54,261,000 after buying an additional 145,360 shares during the last quarter. ABC Arbitrage SA increased its holdings in Intercontinental Hotels Group by 31.0% in the 1st quarter. ABC Arbitrage SA now owns 134,259 shares of the company’s stock worth $17,918,000 after buying an additional 31,754 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in Intercontinental Hotels Group by 25.0% in the 1st quarter. Quantinno Capital Management LP now owns 93,268 shares of the company’s stock worth $12,448,000 after buying an additional 18,631 shares during the period. 15.09% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Hotels Group Stock Up 0.2%

Intercontinental Hotels Group stock opened at $161.80 on Friday. The company has a 50 day moving average price of $158.83 and a 200-day moving average price of $154.49. Intercontinental Hotels Group has a fifty-two week low of $118.47 and a fifty-two week high of $175.89.

Intercontinental Hotels Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 1st. Investors of record on Friday, August 21st were given a dividend of $0.6450 per share. The ex-dividend date of this dividend was Friday, August 21st. This is a decrease from Intercontinental Hotels Group’s previous dividend of $1.2590. This represents a yield of 81.0%.

Intercontinental Hotels Group Company Profile

(Get Free Report)

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.

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