InterContinental Hotels Group PLC (NYSE:IHG) Given Average Rating of “Hold” by Brokerages

InterContinental Hotels Group PLC (NYSE:IHG) has earned an average recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company.

IHG has been the subject of several recent research reports. Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th.

InterContinental Hotels Group Stock Performance

Shares of InterContinental Hotels Group stock opened at $130.22 on Monday. The firm has a fifty day moving average of $117.50 and a two-hundred day moving average of $107.80. The stock has a market capitalization of $20.66 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.88 and a beta of 1.33. InterContinental Hotels Group has a 52 week low of $82.68 and a 52 week high of $131.68.

Institutional Investors Weigh In On InterContinental Hotels Group

A number of institutional investors and hedge funds have recently modified their holdings of IHG. FMR LLC raised its holdings in shares of InterContinental Hotels Group by 5.8% in the 3rd quarter. FMR LLC now owns 6,387,525 shares of the company’s stock valued at $705,758,000 after purchasing an additional 351,723 shares during the period. World Investment Advisors LLC bought a new position in InterContinental Hotels Group in the 3rd quarter valued at about $86,000. Bank of Montreal Can bought a new position in InterContinental Hotels Group in the 2nd quarter valued at about $3,892,000. Natixis Advisors LLC raised its holdings in InterContinental Hotels Group by 2.8% in the 2nd quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock valued at $77,984,000 after acquiring an additional 20,280 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in InterContinental Hotels Group in the 3rd quarter valued at about $1,699,000. 15.09% of the stock is owned by institutional investors.

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.