InterContinental Hotels Group (NYSE:IHG) Rating Increased to Overweight at Barclays

InterContinental Hotels Group (NYSE:IHG) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Friday,Benzinga reports.

Separately, The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

InterContinental Hotels Group Price Performance

Shares of NYSE:IHG opened at $121.05 on Friday. InterContinental Hotels Group has a 1 year low of $74.82 and a 1 year high of $122.78. The company’s 50 day simple moving average is $111.25 and its 200 day simple moving average is $104.81.

Hedge Funds Weigh In On InterContinental Hotels Group

A number of hedge funds have recently bought and sold shares of IHG. Walleye Capital LLC bought a new stake in shares of InterContinental Hotels Group during the 3rd quarter valued at about $219,000. Townsquare Capital LLC bought a new stake in InterContinental Hotels Group during the third quarter worth $213,000. Transamerica Financial Advisors Inc. raised its holdings in shares of InterContinental Hotels Group by 100,100.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock valued at $111,000 after purchasing an additional 1,001 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of InterContinental Hotels Group by 33.5% during the 3rd quarter. Quantbot Technologies LP now owns 14,087 shares of the company’s stock worth $1,556,000 after buying an additional 3,532 shares in the last quarter. Finally, FMR LLC grew its stake in InterContinental Hotels Group by 5.8% in the 3rd quarter. FMR LLC now owns 6,387,525 shares of the company’s stock valued at $705,758,000 after purchasing an additional 351,723 shares during the period. Institutional investors own 15.09% of the company’s stock.

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.