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

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have received a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company.

A number of research firms have recently commented on IHG. Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Sanford C. Bernstein upgraded InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Finally, Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th.

InterContinental Hotels Group Stock Performance

Shares of IHG stock opened at $131.12 on Tuesday. InterContinental Hotels Group has a 12 month low of $91.57 and a 12 month high of $132.89. The firm’s 50 day moving average is $125.93 and its 200 day moving average is $113.29.

Institutional Investors Weigh In On InterContinental Hotels Group

Several large investors have recently added to or reduced their stakes in IHG. FMR LLC increased its holdings in shares of InterContinental Hotels Group by 5.8% in the 3rd quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after buying an additional 351,723 shares during the last quarter. World Investment Advisors LLC purchased a new stake in InterContinental Hotels Group during the third quarter valued at about $86,000. JPMorgan Chase & Co. lifted its stake in InterContinental Hotels Group by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after purchasing an additional 73,361 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of InterContinental Hotels Group in the 2nd quarter worth about $3,892,000. Finally, Mediolanum International Funds Ltd bought a new position in shares of InterContinental Hotels Group during the 3rd quarter valued at about $1,699,000. Institutional investors 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.