InterContinental Hotels Group (NYSE:IHG) Upgraded to “Overweight” at Barclays

InterContinental Hotels Group (NYSE:IHG) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Friday,Benzinga reports.

Separately, The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Performance

IHG stock opened at $121.05 on Friday. InterContinental Hotels Group has a twelve month low of $74.82 and a twelve month high of $122.78. The business has a fifty day moving average of $111.25 and a 200-day moving average of $104.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IHG. FMR LLC increased its stake in InterContinental Hotels Group by 5.8% during the 3rd quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after purchasing an additional 351,723 shares in the last quarter. Natixis Advisors LLC raised its position in InterContinental Hotels Group by 2.8% during the second quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock worth $77,984,000 after acquiring an additional 20,280 shares in the last quarter. Raymond James & Associates increased its stake in shares of InterContinental Hotels Group by 1.2% during the 2nd quarter. Raymond James & Associates now owns 123,232 shares of the company’s stock worth $13,056,000 after purchasing an additional 1,475 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of InterContinental Hotels Group by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company’s stock valued at $6,179,000 after purchasing an additional 3,431 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of InterContinental Hotels Group by 8.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 50,094 shares of the company’s stock worth $5,307,000 after buying an additional 4,087 shares during the period. 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.