InterContinental Hotels Group PLC (NYSE:IHG) Receives Average Recommendation of “Hold” from Brokerages

InterContinental Hotels Group PLC (NYSE:IHG) has earned an average recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company.

Several equities research analysts have issued reports on the stock. Berenberg Bank lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Deutsche Bank started coverage on shares of InterContinental Hotels Group in a report on Friday, October 11th. They set a “hold” rating for the company. Jefferies Financial Group started coverage on InterContinental Hotels Group in a research note on Tuesday, September 17th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. downgraded InterContinental Hotels Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, September 12th. Finally, ValuEngine raised InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research note on Sunday, November 17th.

A number of hedge funds and other institutional investors have recently bought and sold shares of IHG. Private Capital Group LLC boosted its position in shares of InterContinental Hotels Group by 26.6% during the second quarter. Private Capital Group LLC now owns 762 shares of the company’s stock worth $48,000 after purchasing an additional 160 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of InterContinental Hotels Group by 1.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 18,561 shares of the company’s stock worth $1,156,000 after buying an additional 176 shares in the last quarter. BB&T Securities LLC boosted its position in shares of InterContinental Hotels Group by 4.3% in the 2nd quarter. BB&T Securities LLC now owns 6,269 shares of the company’s stock worth $419,000 after buying an additional 256 shares in the last quarter. Signaturefd LLC grew its stake in InterContinental Hotels Group by 18.0% in the 2nd quarter. Signaturefd LLC now owns 2,231 shares of the company’s stock valued at $149,000 after acquiring an additional 341 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in InterContinental Hotels Group by 7.8% in the 2nd quarter. Advisory Services Network LLC now owns 5,095 shares of the company’s stock valued at $340,000 after acquiring an additional 367 shares during the last quarter. Institutional investors and hedge funds own 7.05% of the company’s stock.

Shares of NYSE:IHG traded down $2.28 during mid-day trading on Thursday, reaching $62.08. 7,608 shares of the stock were exchanged, compared to its average volume of 94,667. The stock’s 50 day simple moving average is $61.08 and its 200-day simple moving average is $64.13. InterContinental Hotels Group has a one year low of $50.97 and a one year high of $71.02. The company has a market cap of $11.32 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.78 and a beta of 1.14.

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 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.

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Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

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