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

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company.

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

InterContinental Hotels Group Stock Down 0.0 %

NYSE:IHG opened at $131.04 on Tuesday. The company has a 50 day simple moving average of $126.12 and a two-hundred day simple moving average of $113.50. InterContinental Hotels Group has a 12 month low of $91.57 and a 12 month high of $132.89.

Institutional Trading of InterContinental Hotels Group

A number of hedge funds and other institutional investors have recently bought and sold shares of IHG. 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. lifted 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 in the last quarter. World Investment Advisors LLC bought a new position in shares of InterContinental Hotels Group in the third quarter worth approximately $86,000. R Squared Ltd bought a new stake in shares of InterContinental Hotels Group during the 4th quarter valued at $89,000. Finally, Transamerica Financial Advisors Inc. lifted its stake 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 in 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.