InterContinental Hotels Group PLC (NYSE: IHG) stocks have received a consensus rating of “hold” from the twenty brokers covering the stock. Marketbeat Ratings Reports. Seven research analysts have given the share a sell rating, eleven with a hold rating and two with a buy rating.
A number of stock analysts have published reports on IHG stocks. Barclays adjusted an “overweight” for stocks of InterContinental Hotels Group in a research report on Wednesday March 17th. Zacks Investment Research InterContinental Hotels Group’s shares were downgraded from a “hold” rating to a “sell” rating in a research report on Tuesday, April 27th. Exane BNP Paribas downgraded InterContinental Hotels Group’s shares from a “neutral” rating to an “underperform” rating in a research report on Monday, January 25th. Morgan Stanley re-assigned an “Equal Weight” rating to shares of InterContinental Hotels Group in a research report on Thursday, February 18th. Finally, Peel Hunt downgraded InterContinental Hotels Group’s shares from a “Hold” rating to a “Reduce” rating in a report on Monday February 22nd.
Shares of NYSE IHG opened Thursday at $ 70.51. The InterContinental Hotels Group has a 52-week low of $ 36.55 and a 52-week high of $ 75.20. The company has a 50-day moving average price of $ 70.63 and a 200-day moving average price of $ 65.52. The stock has a market cap of $ 12.92 billion, value for money of 23.43, value for money of 21.50, and a beta of 1.34.
Several hedge funds have recently changed their positions in the company. OneAscent Financial Services LLC increased its stake in InterContinental Hotels Group by 4.0% in the first quarter. OneAscent Financial Services LLC now owns 4,607 shares of the company valued at $ 317,000 after purchasing an additional 177 shares during the reporting period. Comerica Bank increased its stake in InterContinental Hotels Group shares by 2.0% in the first quarter. Comerica Bank now holds 10,317 shares in the company valued at $ 742,000 after purchasing an additional 206 shares during the period. Signaturefd LLC increased its stake in InterContinental Hotels Group by 4.1% in the fourth quarter. Signaturefd LLC now owns 5,365 shares in the company valued at $ 349,000 after purchasing an additional 213 shares during the reporting period. Advisor Partners LLC increased its stake in InterContinental Hotels Group by 6.8% in the fourth quarter. Advisor Partners LLC now owns 4,872 shares in the company valued at $ 317,000 after purchasing an additional 310 shares last quarter. Finally, US Bancorp DE increased its stake in the InterContinental Hotels Group by 5.0% in the first quarter. US Bancorp DE now owns 7,696 shares in the company valued at $ 530,000 after purchasing an additional 366 shares last quarter. Institutional investors and hedge funds hold 3.90% of the company’s shares.
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About the InterContinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises and rents hotels in the Americas, Europe, Asia, the Middle East, Africa and Greater China. The company operates hotels, resorts, restaurants and spas among the EVEN Hotels, HUALUXE Hotels and Resorts, Avid Hotels, Voco Hotels, Kimpton Hotels and Restaurants, Regent Hotels and Resorts, Six Senses Hotels Resorts Spas, Atwell Suites and InterContinental Hotels and Resorts, Hotel Indigo, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Avid, Staybridge Suites, and Candlewood Suites.
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