InterContinental Hotels Group (NYSE:IHG) Upgraded at ValuEngine

InterContinental Hotels Group (NYSE:IHG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Sunday, ValuEngine reports.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Jefferies Financial Group started coverage on InterContinental Hotels Group in a research report on Tuesday, September 17th. They issued a “buy” rating for the company. Berenberg Bank lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. UBS Group decreased their target price on InterContinental Hotels Group from $4,800.00 to $4,400.00 and set a “sell” rating for the company in a research report on Thursday, October 24th. Finally, Barclays decreased their target price on InterContinental Hotels Group from $4,400.00 to $4,200.00 and set an “underweight” rating for the company in a research report on Thursday, October 24th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $4,300.00.

Shares of IHG opened at $61.41 on Friday. The stock has a 50 day moving average of $60.29 and a 200-day moving average of $64.35. InterContinental Hotels Group has a 52 week low of $50.97 and a 52 week high of $71.02.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in InterContinental Hotels Group by 557.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 447 shares of the company’s stock valued at $28,000 after purchasing an additional 379 shares during the period. Zions Bancorporation N.A. acquired a new position in InterContinental Hotels Group during the 2nd quarter valued at approximately $37,000. Private Capital Group LLC boosted its position in InterContinental Hotels Group by 26.6% during the 2nd quarter. Private Capital Group LLC now owns 762 shares of the company’s stock valued at $48,000 after purchasing an additional 160 shares during the period. KCS Wealth Advisory acquired a new position in InterContinental Hotels Group during the 3rd quarter valued at approximately $49,000. Finally, Signaturefd LLC boosted its position in InterContinental Hotels Group by 18.0% during the 2nd quarter. Signaturefd LLC now owns 2,231 shares of the company’s stock valued at $149,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds own 8.11% 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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, 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.

Read More: Depreciation

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.