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

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

Several research analysts have recently commented on the company. The Goldman Sachs Group raised InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th. Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th.

InterContinental Hotels Group Stock Performance

Shares of InterContinental Hotels Group stock opened at $123.85 on Friday. The stock has a market cap of $19.64 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.88 and a beta of 1.33. The stock’s fifty day moving average is $123.09 and its 200 day moving average is $110.96. InterContinental Hotels Group has a one year low of $89.02 and a one year high of $131.68.

Hedge Funds Weigh In On InterContinental Hotels Group

A number of hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in InterContinental Hotels Group by 5.8% during 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. Natixis Advisors LLC raised its position in shares of InterContinental Hotels Group by 2.8% during the second quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock valued at $77,984,000 after buying an additional 20,280 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of InterContinental Hotels Group by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after buying an additional 73,361 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of InterContinental Hotels Group during the third quarter worth $86,000. Finally, Envestnet Asset Management Inc. grew its stake in InterContinental Hotels Group by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company’s stock valued at $6,179,000 after acquiring an additional 3,431 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

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.