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

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have earned an average recommendation of “Hold” from the six research firms that are covering the company, 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 issued reports on IHG. Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. 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. Finally, Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th.

Hedge Funds Weigh In On InterContinental Hotels Group

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted 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 worth $6,179,000 after purchasing an additional 3,431 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in InterContinental Hotels Group by 46.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 16,762 shares of the company’s stock worth $1,776,000 after buying an additional 5,354 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in InterContinental Hotels Group by 8.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,152 shares of the company’s stock valued at $842,000 after acquiring an additional 616 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of InterContinental Hotels Group by 133.3% during the second quarter. Hsbc Holdings PLC now owns 11,433 shares of the company’s stock worth $1,212,000 after acquiring an additional 6,533 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of InterContinental Hotels Group in the 2nd quarter worth approximately $262,000. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Performance

InterContinental Hotels Group stock opened at $126.77 on Tuesday. InterContinental Hotels Group has a fifty-two week low of $91.57 and a fifty-two week high of $131.68. The firm’s 50-day simple moving average is $125.17 and its 200 day simple moving average is $112.60.

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.