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

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

IHG has been the subject of several analyst reports. Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. Finally, Morgan Stanley downgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th.

InterContinental Hotels Group Price Performance

Shares of IHG stock opened at $129.51 on Friday. InterContinental Hotels Group has a 12-month low of $91.57 and a 12-month high of $137.25. The firm has a 50-day moving average price of $128.77 and a 200 day moving average price of $116.94.

Hedge Funds Weigh In On InterContinental Hotels Group

Institutional investors have recently modified their holdings of the stock. Independent Advisor Alliance raised its stake in shares of InterContinental Hotels Group by 0.8% during the fourth quarter. Independent Advisor Alliance now owns 9,674 shares of the company’s stock worth $1,209,000 after buying an additional 76 shares during the last quarter. Denali Advisors LLC raised its stake in shares of InterContinental Hotels Group by 2.3% during the fourth quarter. Denali Advisors LLC now owns 3,870 shares of the company’s stock worth $483,000 after buying an additional 87 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of InterContinental Hotels Group by 67.3% during the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of InterContinental Hotels Group by 3.2% during the fourth quarter. Moors & Cabot Inc. now owns 4,415 shares of the company’s stock worth $552,000 after buying an additional 136 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of InterContinental Hotels Group by 0.6% during the third quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock worth $3,056,000 after buying an additional 152 shares during the last quarter. 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.