Key Takeaways
- Citigroup has reaffirmed its Sell recommendation for InterContinental Hotels Group (ICHGF) as of October 24, 2025.
- The average 12-month price target for ICHGF is $121.34, suggesting a potential upside of 22.87% from its recent closing price.
- For the upcoming year, ICHGF’s projected annual revenue is $2,737 million, a decrease of 46.54%, with a projected non-GAAP EPS of $3.84.
- Institutional ownership saw a slight decrease in the number of reporting funds but an increase in average portfolio weight.
- Several major funds adjusted their holdings, with EUROPACIFIC GROWTH FUND increasing its stake and Vanguard Total International Stock Index Fund decreasing its position.
Citigroup Reiterates Sell Recommendation for InterContinental Hotels Group
On October 24, 2025, Citigroup reiterated its Sell coverage for InterContinental Hotels Group (OTCPK:ICHGF). This analyst rating provides a key perspective for investors considering the hotel industry giant.
Analyst Price Forecast for ICHGF
As of September 13, 2025, the consensus analyst price target for InterContinental Hotels Group stands at $121.34 per share over the next twelve months. This forecast exhibits a range, with the lowest estimate at $104.24 and the highest at $148.65. The average price target represents a notable potential upside of 22.87% when compared to the latest reported closing price of $98.75 per share.
Projected Financial Performance
Looking ahead, InterContinental Hotels Group is projected to experience a decrease in annual revenue. The forecasted annual revenue is $2,737 million, marking a decline of 46.54%. Concurrently, the projected non-GAAP Earnings Per Share (EPS) is anticipated to be $3.84.
Fund Sentiment Analysis for ICHGF
💡 The institutional landscape surrounding InterContinental Hotels Group shows a dynamic pattern. Currently, 334 funds or institutions report positions in ICHGF. This represents a minor decrease of 8 owners, or 2.34%, from the previous quarter. Despite the slight dip in the number of reporting institutions, the average portfolio weight dedicated to ICHGF by all funds has increased by 3.75%, now standing at 0.34%.
Total shares owned by institutions have seen a reduction over the past three months, decreasing by 11.50% to 30,110,000 shares. This indicates strategic adjustments in institutional holdings.
Key Institutional Shareholder Activity
Several significant institutional investors have recently adjusted their positions in InterContinental Hotels Group, reflecting varied investment strategies.
EUROPACIFIC GROWTH FUND
The EUROPACIFIC GROWTH FUND currently holds 4,611,000 shares, accounting for 3.04% of the company’s ownership. In its preceding filing, the fund reported holding 4,477,000 shares, signifying an increase of 2.90%. Furthermore, the fund augmented its portfolio allocation in ICHGF by 0.45% during the last quarter, demonstrating increased confidence.
Vanguard Total International Stock Index Fund
Vanguard Total International Stock Index Fund Investor Shares holds 2,126,000 shares, representing a 1.40% ownership stake. Previously, the fund held 2,252,000 shares, indicating a decrease of 5.90%. Consequently, the fund reduced its portfolio allocation in ICHGF by 5.36% over the last quarter.
Fidelity Series Overseas Fund
FSOSX – Fidelity Series Overseas Fund possesses 1,705,000 shares, equating to 1.13% ownership. In its prior filing, the fund declared ownership of 1,741,000 shares, a reduction of 2.12%. Despite this, the fund increased its portfolio allocation in ICHGF by 1.76% in the last quarter.
Fidelity Advisor International Capital Appreciation Fund
FCPAX – Fidelity Advisor International Capital Appreciation Fund holds 1,700,000 shares, which constitute 1.12% of the company’s ownership. Its prior filing indicated ownership of 1,218,000 shares, marking a substantial increase of 28.32%. However, the fund decreased its portfolio allocation in ICHGF by 2.88% over the past quarter.
Vanguard Developed Markets Index Fund Admiral Shares
VTMGX – Vanguard Developed Markets Index Fund Admiral Shares maintains a holding of 1,322,000 shares, representing 0.87% ownership. The fund’s previous filing showed 1,397,000 shares, a decrease of 5.71%. The firm also reduced its portfolio allocation in ICHGF by 11.31% in the last quarter.
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Expert Summary
Citigroup has reiterated a Sell recommendation for InterContinental Hotels Group, despite a price target suggesting potential upside. While institutional ownership in terms of fund numbers has slightly declined, average portfolio weights have increased. Major funds are actively adjusting their positions, indicating evolving investment strategies towards ICHGF.