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

InterContinental Hotels Group PLC (NYSE:IHG) has received a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company.

A number of equities analysts have recently issued reports on the company. Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. Citigroup initiated coverage on InterContinental Hotels Group in a research note on Monday, February 24th. They issued a “sell” rating on the stock. Finally, Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th.

InterContinental Hotels Group Price Performance

IHG stock opened at $114.99 on Wednesday. The company has a market cap of $18.19 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. InterContinental Hotels Group has a 1 year low of $91.57 and a 1 year high of $137.25. The stock’s fifty day moving average price is $128.07 and its 200-day moving average price is $119.88.

Hedge Funds Weigh In On InterContinental Hotels Group

Institutional investors have recently bought and sold shares of the stock. Vident Advisory LLC raised its holdings in InterContinental Hotels Group by 4.5% during the fourth quarter. Vident Advisory LLC now owns 4,502 shares of the company’s stock valued at $563,000 after acquiring an additional 192 shares during the period. Quantinno Capital Management LP raised its holdings in InterContinental Hotels Group by 13.6% during the fourth quarter. Quantinno Capital Management LP now owns 34,409 shares of the company’s stock valued at $4,298,000 after acquiring an additional 4,132 shares during the period. Clark Capital Management Group Inc. raised its holdings in InterContinental Hotels Group by 1.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 373,139 shares of the company’s stock valued at $46,613,000 after acquiring an additional 6,709 shares during the period. Cetera Investment Advisers raised its holdings in InterContinental Hotels Group by 27.5% during the fourth quarter. Cetera Investment Advisers now owns 11,593 shares of the company’s stock valued at $1,448,000 after acquiring an additional 2,498 shares during the period. Finally, Bank of America Corp DE raised its holdings in InterContinental Hotels Group by 8.9% during the fourth quarter. Bank of America Corp DE now owns 430,323 shares of the company’s stock valued at $53,756,000 after acquiring an additional 35,003 shares during the period. 15.09% of the stock is owned by institutional investors.

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.