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

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company.

IHG has been the topic of a number of analyst reports. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. 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. Finally, Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th.

InterContinental Hotels Group Trading Down 1.1 %

Shares of NYSE IHG opened at $133.40 on Friday. InterContinental Hotels Group has a 1 year low of $91.57 and a 1 year high of $137.25. The company’s 50-day moving average is $128.68 and its 200 day moving average is $116.60.

Institutional Trading of InterContinental Hotels Group

Several institutional investors and hedge funds have recently modified their holdings of IHG. FMR LLC increased its holdings in shares of 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 last quarter. Natixis Advisors LLC lifted its holdings 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 valued at $87,213,000 after acquiring an additional 8,067 shares during the last quarter. Bank of America Corp DE grew its position in 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 worth $53,756,000 after acquiring an additional 35,003 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in 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 worth $46,613,000 after acquiring an additional 6,709 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in InterContinental Hotels Group by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock valued at $35,388,000 after purchasing an additional 73,361 shares during the period. 15.09% of the stock is currently owned by institutional investors.

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.