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

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

Several analysts recently issued reports on IHG shares. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th.

Institutional Trading of InterContinental Hotels Group

A number of institutional investors have recently modified their holdings of IHG. Russell Investments Group Ltd. boosted its stake in InterContinental Hotels Group by 46.9% in the 1st quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock worth $35,000 after purchasing an additional 106 shares during the period. Rothschild Investment LLC bought a new position in shares of InterContinental Hotels Group in the second quarter valued at approximately $36,000. EverSource Wealth Advisors LLC grew its stake in InterContinental Hotels Group by 65.2% during the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock valued at $48,000 after acquiring an additional 191 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in InterContinental Hotels Group during the 2nd quarter worth approximately $50,000. Finally, Assetmark Inc. lifted its stake in InterContinental Hotels Group by 130.9% in the 3rd quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares in the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

InterContinental Hotels Group Price Performance

Shares of IHG opened at $126.25 on Monday. InterContinental Hotels Group has a 52-week low of $77.84 and a 52-week high of $126.94. The business’s 50 day moving average price is $115.75 and its two-hundred day moving average price is $106.75.

About InterContinental Hotels Group

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.