InterContinental Hotels Group (NYSE:IHG) Now Covered by Analysts at Citigroup

Citigroup started coverage on shares of InterContinental Hotels Group (NYSE:IHG - Free Report) in a research report released on Monday morning, Marketbeat reports. The firm issued a sell rating on the stock.

A number of other analysts also recently commented on the company. Barclays upgraded InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research note on Friday, November 15th. Morgan Stanley cut shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold".

InterContinental Hotels Group Stock Performance

NYSE IHG traded up $1.53 on Monday, reaching $126.84. 758,966 shares of the company's stock traded hands, compared to its average volume of 200,589. InterContinental Hotels Group has a fifty-two week low of $91.57 and a fifty-two week high of $137.25. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.69 and a beta of 1.32. The stock has a 50 day moving average price of $128.66 and a 200-day moving average price of $118.11.

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Institutional Trading of InterContinental Hotels Group

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in InterContinental Hotels Group by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company's stock valued at $35,388,000 after acquiring an additional 73,361 shares during the period. Entropy Technologies LP purchased a new position in InterContinental Hotels Group during the fourth quarter valued at $262,000. World Investment Advisors LLC acquired a new stake in shares of InterContinental Hotels Group in the third quarter valued at about $86,000. Jane Street Group LLC increased its stake in shares of InterContinental Hotels Group by 120.2% during the third quarter. Jane Street Group LLC now owns 4,269 shares of the company's stock worth $472,000 after purchasing an additional 2,330 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of InterContinental Hotels Group by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 17,581 shares of the company's stock worth $1,943,000 after purchasing an additional 1,107 shares during the last quarter. 15.09% of the stock is owned by institutional investors and hedge funds.

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.