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

InterContinental Hotels Group PLC (NYSE:IHGGet Free Report) has received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company.

Several research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Finally, Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th.

Read Our Latest Stock Report on InterContinental Hotels Group

Institutional Trading of InterContinental Hotels Group

Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of InterContinental Hotels Group by 5.8% during the third quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after purchasing an additional 351,723 shares during the period. JPMorgan Chase & Co. raised its stake in InterContinental Hotels Group by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after buying an additional 73,361 shares in the last quarter. World Investment Advisors LLC bought a new position in InterContinental Hotels Group in the third quarter worth about $86,000. Envestnet Asset Management Inc. raised its stake in InterContinental Hotels Group by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company’s stock worth $6,179,000 after buying an additional 3,431 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in InterContinental Hotels Group in the second quarter worth about $3,892,000. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

InterContinental Hotels Group Stock Performance

Shares of NYSE:IHG opened at $132.72 on Tuesday. InterContinental Hotels Group has a 52-week low of $91.57 and a 52-week high of $132.89. The firm has a fifty day moving average of $125.74 and a 200 day moving average of $113.04. The firm has a market capitalization of $21.03 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32.

About InterContinental Hotels Group

(Get Free Report

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.

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Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

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