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

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have earned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company.

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

Institutional Trading of InterContinental Hotels Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of InterContinental Hotels Group in the 2nd quarter worth approximately $229,000. Aaron Wealth Advisors LLC acquired a new position in InterContinental Hotels Group in the third quarter worth $214,000. Net Worth Advisory Group bought a new stake in InterContinental Hotels Group during the third quarter valued at $241,000. Blue Trust Inc. increased its stake in InterContinental Hotels Group by 61.1% during the third quarter. Blue Trust Inc. now owns 3,708 shares of the company’s stock valued at $393,000 after purchasing an additional 1,407 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of InterContinental Hotels Group by 22.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company’s stock worth $200,000 after purchasing an additional 330 shares during the period. 15.09% of the stock is owned by institutional investors.

InterContinental Hotels Group Stock Performance

Shares of InterContinental Hotels Group stock opened at $124.41 on Friday. InterContinental Hotels Group has a 1-year low of $91.57 and a 1-year high of $137.25. The business has a 50-day moving average of $128.73 and a 200-day moving average of $117.22.

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 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.