InterContinental Hotels Group PLC (NYSE:IHG) Receives Average Recommendation of “Hold” from Analysts

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have been given an average recommendation of “Hold” by the five analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company.

IHG has been the subject of a number of recent research reports. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IHG. Hsbc Holdings PLC increased its stake in InterContinental Hotels Group by 133.3% in the 2nd quarter. Hsbc Holdings PLC now owns 11,433 shares of the company’s stock worth $1,212,000 after buying an additional 6,533 shares in the last quarter. World Investment Advisors LLC bought a new position in InterContinental Hotels Group in the 3rd quarter worth approximately $86,000. Capital Wealth Planning LLC grew its holdings in InterContinental Hotels Group by 125.2% during the 2nd quarter. Capital Wealth Planning LLC now owns 24,257 shares of the company’s stock valued at $2,570,000 after buying an additional 13,487 shares in the last quarter. Stifel Financial Corp raised its position in shares of InterContinental Hotels Group by 6.7% during the third quarter. Stifel Financial Corp now owns 17,581 shares of the company’s stock valued at $1,943,000 after buying an additional 1,107 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in shares of InterContinental Hotels Group in the third quarter worth $1,699,000. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Trading Down 0.3 %

NYSE:IHG opened at $126.35 on Friday. InterContinental Hotels Group has a 12 month low of $89.02 and a 12 month high of $131.68. The company has a 50-day moving average price of $122.13 and a 200-day moving average price of $110.44. The stock has a market cap of $20.01 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.88 and a beta of 1.33.

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.