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

InterContinental Hotels Group PLC (NYSE:IHG) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company.

A number of research firms have issued reports on IHG. Morgan Stanley downgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. 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.

InterContinental Hotels Group Price Performance

Shares of NYSE IHG opened at $124.41 on Friday. InterContinental Hotels Group has a 12-month low of $91.57 and a 12-month high of $137.25. The stock’s 50 day simple moving average is $128.73 and its 200 day simple moving average is $117.22.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. FMR LLC lifted its holdings in InterContinental Hotels Group by 5.8% in the third quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after purchasing an additional 351,723 shares during the period. Natixis Advisors LLC lifted its stake in shares of InterContinental Hotels Group by 1.2% in the 4th quarter. Natixis Advisors LLC now owns 698,150 shares of the company’s stock worth $87,213,000 after acquiring an additional 8,067 shares during the period. Bank of America Corp DE boosted its holdings in shares of InterContinental Hotels Group by 8.9% in the fourth quarter. Bank of America Corp DE now owns 430,323 shares of the company’s stock valued at $53,756,000 after acquiring an additional 35,003 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in shares of InterContinental Hotels Group by 1.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 373,139 shares of the company’s stock valued at $46,613,000 after acquiring an additional 6,709 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings 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 in the last quarter. 15.09% of the stock is owned by institutional investors and hedge funds.

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.