UBS Group upgraded shares of InterContinental Hotels Group (NYSE:IHG) from a sell rating to a neutral rating in a report published on Thursday morning, www.benzinga.com reports.
Separately, Morgan Stanley lowered shares of InterContinental Hotels Group from an equal weight rating to an underweight rating in a report on Monday. Four investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has an average rating of Hold and an average target price of $69.00.
Shares of NYSE:IHG traded up $0.47 during trading hours on Thursday, hitting $56.11. The company’s stock had a trading volume of 130,000 shares, compared to its average volume of 137,938. InterContinental Hotels Group has a 52 week low of $50.84 and a 52 week high of $69.23.
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, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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