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

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

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

InterContinental Hotels Group Trading Up 0.1 %

InterContinental Hotels Group stock opened at $126.78 on Friday. The company has a fifty day simple moving average of $121.87 and a 200 day simple moving average of $110.21. InterContinental Hotels Group has a 1-year low of $89.02 and a 1-year high of $131.68. The company has a market cap of $20.07 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33.

Institutional Trading of InterContinental Hotels Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in InterContinental Hotels Group by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock valued at $1,337,000 after acquiring an additional 106 shares during the period. QRG Capital Management Inc. increased its stake in InterContinental Hotels Group by 0.6% during the 3rd quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock valued at $3,056,000 after purchasing an additional 152 shares in the last quarter. Ballentine Partners LLC raised its holdings in InterContinental Hotels Group by 7.2% in the second quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock worth $244,000 after buying an additional 154 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its stake in shares of InterContinental Hotels Group by 1.6% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 11,485 shares of the company’s stock worth $1,269,000 after buying an additional 177 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of InterContinental Hotels Group by 3.2% during the third quarter. MML Investors Services LLC now owns 6,792 shares of the company’s stock valued at $750,000 after buying an additional 212 shares during the last quarter. Hedge funds and other 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.