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

InterContinental Hotels Group PLC (NYSE:IHG) has received an average rating of “Hold” from the five brokerages 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 assigned a buy recommendation to the company.

Several research analysts recently commented on the stock. Morgan Stanley downgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. 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 Stock Down 1.1 %

NYSE IHG opened at $133.40 on Friday. The company has a market cap of $21.14 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The firm’s 50-day simple moving average is $128.55 and its two-hundred day simple moving average is $116.16. InterContinental Hotels Group has a 52 week low of $91.57 and a 52 week high of $137.25.

Institutional Investors Weigh In On InterContinental Hotels Group

Several large investors have recently added to or reduced their stakes in IHG. Richardson Financial Services Inc. bought a new position in shares of InterContinental Hotels Group in the 4th quarter worth $25,000. Farther Finance Advisors LLC increased its stake in InterContinental Hotels Group by 67.3% in the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in InterContinental Hotels Group during the fourth quarter valued at about $42,000. Smartleaf Asset Management LLC lifted its stake in InterContinental Hotels Group by 419.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock worth $72,000 after purchasing an additional 461 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of InterContinental Hotels Group in the 4th quarter worth about $72,000. Institutional investors own 15.09% of the company’s stock.

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.