InterContinental Hotels Group (NYSE:IHG) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of InterContinental Hotels Group (NYSE:IHG - Free Report) from an underperform rating to a market perform rating in a report published on Friday morning, Marketbeat reports.

Several other equities research analysts have also issued reports on the company. Morgan Stanley lowered InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a "neutral" rating to a "buy" rating in a report on Wednesday, September 18th. Finally, Barclays raised InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold".

InterContinental Hotels Group Trading Up 0.8 %

InterContinental Hotels Group stock traded up $0.94 during midday trading on Friday, hitting $122.77. The stock had a trading volume of 179,406 shares, compared to its average volume of 102,384. The business has a fifty day moving average price of $124.07 and a 200 day moving average price of $111.56. InterContinental Hotels Group has a 12 month low of $90.90 and a 12 month high of $131.68. The stock has a market cap of $19.46 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.88 and a beta of 1.32.

Institutional Trading of InterContinental Hotels Group

Several large investors have recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in shares of InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company's stock worth $85,000 after purchasing an additional 436 shares in the last quarter. World Investment Advisors LLC acquired a new position in InterContinental Hotels Group during the 3rd quarter valued at about $86,000. Transamerica Financial Advisors Inc. raised its position in shares of InterContinental Hotels Group by 100,100.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company's stock worth $111,000 after buying an additional 1,001 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of InterContinental Hotels Group by 40.7% in the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the company's stock worth $182,000 after acquiring an additional 422 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in InterContinental Hotels Group by 22.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company's stock worth $200,000 after purchasing an additional 330 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.

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.