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

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

IHG has been the subject of several research 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 raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Finally, Morgan Stanley cut shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IHG. QRG Capital Management Inc. raised its holdings in InterContinental Hotels Group by 0.6% in the 3rd quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock worth $3,056,000 after acquiring an additional 152 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of InterContinental Hotels Group by 7.1% in the 4th quarter. Ballentine Partners LLC now owns 2,344 shares of the company’s stock worth $293,000 after purchasing an additional 156 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its stake in shares of InterContinental Hotels Group by 1.6% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 11,485 shares of the company’s stock worth $1,269,000 after purchasing an additional 177 shares during the last quarter. Richardson Financial Services Inc. bought a new position in shares of InterContinental Hotels Group during the fourth quarter valued at $25,000. Finally, MML Investors Services LLC boosted its position in shares of InterContinental Hotels Group by 3.2% during the third quarter. MML Investors Services LLC now owns 6,792 shares of the company’s stock valued at $750,000 after buying an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Trading Down 0.0 %

Shares of NYSE IHG opened at $131.04 on Tuesday. InterContinental Hotels Group has a 1 year low of $91.57 and a 1 year high of $132.89. The company’s 50-day moving average is $126.12 and its 200 day moving average is $113.50.

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.