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

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have received an average rating of “Hold” from the four brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company.

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

Institutional Trading of InterContinental Hotels Group

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of InterContinental Hotels Group during the first quarter valued at about $48,000. Private Advisor Group LLC grew its stake in InterContinental Hotels Group by 20.5% during the 1st quarter. Private Advisor Group LLC now owns 3,212 shares of the company’s stock valued at $339,000 after purchasing an additional 547 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in InterContinental Hotels Group by 130.0% during the 1st quarter. BNP Paribas Financial Markets now owns 36,288 shares of the company’s stock worth $3,834,000 after purchasing an additional 20,511 shares during the last quarter. Rehmann Capital Advisory Group raised its position in shares of InterContinental Hotels Group by 37.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 3,146 shares of the company’s stock valued at $332,000 after purchasing an additional 855 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of InterContinental Hotels Group by 3.1% during the 1st quarter. Signaturefd LLC now owns 9,059 shares of the company’s stock valued at $957,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

NYSE IHG opened at $122.27 on Thursday. InterContinental Hotels Group has a one year low of $74.82 and a one year high of $122.78. The company’s 50 day moving average price is $110.81 and its 200 day moving average price is $104.70.

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.