InterContinental Hotels Group PLC (NYSE:IHG) Given Consensus Rating of “Hold” by Brokerages

InterContinental Hotels Group PLC (NYSE:IHG) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th.

InterContinental Hotels Group Stock Performance

Shares of IHG stock opened at $111.22 on Friday. InterContinental Hotels Group has a twelve month low of $70.06 and a twelve month high of $114.20. The business has a fifty day simple moving average of $103.31 and a 200 day simple moving average of $102.56.

InterContinental Hotels Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, August 30th were paid a $0.532 dividend. This represents a yield of 1.6%. The ex-dividend date was Friday, August 30th. This is a boost from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30.

Institutional Investors Weigh In On InterContinental Hotels Group

A number of hedge funds have recently added to or reduced their stakes in IHG. PNC Financial Services Group Inc. boosted its position in shares of InterContinental Hotels Group by 5.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,497 shares of the company’s stock valued at $319,000 after buying an additional 174 shares during the last quarter. Park Avenue Securities LLC bought a new stake in InterContinental Hotels Group during the first quarter worth $223,000. &PARTNERS bought a new stake in InterContinental Hotels Group during the first quarter worth $285,000. Ballentine Partners LLC bought a new stake in InterContinental Hotels Group during the first quarter worth $227,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in InterContinental Hotels Group during the first quarter worth $48,000. Institutional investors and hedge funds own 15.09% of the company’s stock.

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.