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

InterContinental Hotels Group PLC (NYSE:IHG) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.

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

InterContinental Hotels Group Stock Performance

IHG stock opened at $122.31 on Thursday. InterContinental Hotels Group has a 1-year low of $73.40 and a 1-year high of $122.34. The business has a fifty day moving average price of $109.89 and a 200-day moving average price of $104.43.

InterContinental Hotels Group Increases Dividend

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

Institutional Investors Weigh In On InterContinental Hotels Group

A number of large investors have recently made changes to their positions in IHG. Russell Investments Group Ltd. grew its position in InterContinental Hotels Group by 46.9% during the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after buying an additional 106 shares during the period. Rothschild Investment LLC purchased a new stake in shares of InterContinental Hotels Group in the 2nd quarter worth $36,000. Allspring Global Investments Holdings LLC bought a new position in InterContinental Hotels Group in the 1st quarter worth $48,000. EverSource Wealth Advisors LLC lifted its position in InterContinental Hotels Group by 65.2% during the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock valued at $48,000 after purchasing an additional 191 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in InterContinental Hotels Group during the second quarter valued at about $50,000. 15.09% of the stock is currently owned by institutional investors.

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.