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

InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) has received an average rating of "Hold" from the five analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company.

Several research analysts have recently issued reports on the company. Barclays upgraded InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research report on Friday, November 15th. The Goldman Sachs Group upgraded InterContinental Hotels Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, September 18th.

InterContinental Hotels Group Stock Down 0.3 %

NYSE IHG traded down $0.43 during trading hours on Friday, hitting $126.35. The company's stock had a trading volume of 121,295 shares, compared to its average volume of 168,317. InterContinental Hotels Group has a twelve month low of $89.02 and a twelve month high of $131.68. The firm has a market capitalization of $20.01 billion, a P/E ratio of 25.17, a PEG ratio of 1.88 and a beta of 1.33. The stock has a fifty day moving average of $122.13 and a 200 day moving average of $110.38.

Institutional Trading of InterContinental Hotels Group

Several hedge funds have recently added to or reduced their stakes in IHG. Rothschild Investment LLC bought a new position in InterContinental Hotels Group in the second quarter valued at approximately $36,000. Assetmark Inc. lifted its position in InterContinental Hotels Group by 130.9% in the 3rd quarter. Assetmark Inc. now owns 769 shares of the company's stock valued at $85,000 after acquiring an additional 436 shares in the last quarter. World Investment Advisors LLC acquired a new position in InterContinental Hotels Group in the 3rd quarter worth $86,000. Transamerica Financial Advisors Inc. increased its holdings in 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 purchasing an additional 1,001 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of InterContinental Hotels Group by 226.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,477 shares of the company's stock valued at $156,000 after purchasing an additional 1,025 shares during the period. Institutional investors and hedge funds 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.