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

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company.

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

InterContinental Hotels Group Stock Performance

IHG opened at $131.12 on Tuesday. InterContinental Hotels Group has a 1-year low of $91.57 and a 1-year high of $132.89. The company’s fifty day moving average price is $125.93 and its two-hundred day moving average price is $113.29.

Hedge Funds Weigh In On InterContinental Hotels Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Richardson Financial Services Inc. bought a new position in shares of InterContinental Hotels Group during the 4th quarter valued at approximately $25,000. Assetmark Inc. grew its holdings in InterContinental Hotels Group by 130.9% during the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock valued at $85,000 after purchasing an additional 436 shares during the period. World Investment Advisors LLC purchased a new stake in InterContinental Hotels Group in the third quarter worth $86,000. R Squared Ltd bought a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at $89,000. Finally, Transamerica Financial Advisors Inc. lifted its position in shares of InterContinental Hotels Group by 100,100.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock valued at $111,000 after buying an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

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.