Intercontinental Hotels Group (NYSE:IHG) Upgraded to Buy at UBS Group

Intercontinental Hotels Group (NYSE:IHG) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. The firm presently has a $188.00 price target on the stock. UBS Group’s target price would suggest a potential upside of 20.92% from the company’s current price.

A number of other equities research analysts have also commented on the stock. Sanford C. Bernstein upped their price target on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Jefferies Financial Group raised their price target on shares of Intercontinental Hotels Group from $160.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Intercontinental Hotels Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

Intercontinental Hotels Group Stock Down 2.9%

Shares of Intercontinental Hotels Group stock opened at $155.47 on Wednesday. Intercontinental Hotels Group has a one year low of $117.29 and a one year high of $175.89. The business’s 50 day simple moving average is $162.10 and its two-hundred day simple moving average is $151.63.

Institutional Investors Weigh In On Intercontinental Hotels Group

A number of large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Intercontinental Hotels Group by 3.6% during the second quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock valued at $348,000 after buying an additional 70 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Intercontinental Hotels Group by 20.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 439 shares of the company’s stock worth $62,000 after buying an additional 76 shares during the period. Compound Planning Inc. boosted its position in Intercontinental Hotels Group by 5.4% during the 1st quarter. Compound Planning Inc. now owns 1,694 shares of the company’s stock valued at $226,000 after acquiring an additional 87 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in Intercontinental Hotels Group by 72.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock valued at $30,000 after acquiring an additional 91 shares in the last quarter. Finally, Independent Advisor Alliance grew its holdings in shares of Intercontinental Hotels Group by 0.9% during the 4th quarter. Independent Advisor Alliance now owns 10,577 shares of the company’s stock worth $1,490,000 after acquiring an additional 91 shares during the period. Institutional investors own 15.09% of the company’s stock.

About Intercontinental Hotels Group

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.