InterContinental Hotels Group (NYSE:IHG) Upgraded by Deutsche Bank Aktiengesellschaft to “Hold” Rating

InterContinental Hotels Group (NYSE:IHG) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report issued on Monday,Finviz reports.

Several other equities analysts have also weighed in on IHG. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Citigroup started coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They issued a “sell” rating on the stock. Finally, Morgan Stanley cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, InterContinental Hotels Group currently has an average rating of “Hold”.

InterContinental Hotels Group Price Performance

Shares of NYSE IHG opened at $103.96 on Monday. InterContinental Hotels Group has a 1 year low of $91.57 and a 1 year high of $137.25. The company has a market capitalization of $16.34 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.69 and a beta of 1.29. The company has a 50 day simple moving average of $118.12 and a 200-day simple moving average of $120.56.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Richardson Financial Services Inc. acquired a new position in shares of InterContinental Hotels Group during the 4th quarter worth about $25,000. Farther Finance Advisors LLC raised its stake in InterContinental Hotels Group by 67.3% during the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in InterContinental Hotels Group in the 4th quarter valued at $42,000. Venturi Wealth Management LLC acquired a new stake in InterContinental Hotels Group in the 4th quarter worth $72,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of InterContinental Hotels Group by 419.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock worth $72,000 after purchasing an additional 461 shares during the period. 15.09% of the stock is owned by institutional investors.

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.