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

InterContinental Hotels Group PLC (NYSE:IHG) has been given a consensus rating of “Hold” by the five research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company.

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

InterContinental Hotels Group Stock Up 0.2 %

Shares of IHG opened at $126.25 on Monday. InterContinental Hotels Group has a 1-year low of $77.84 and a 1-year high of $126.94. The firm’s 50 day simple moving average is $115.75 and its 200 day simple moving average is $106.75.

Hedge Funds Weigh In On InterContinental Hotels Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC increased its stake in shares of InterContinental Hotels Group by 133.3% in the second quarter. Hsbc Holdings PLC now owns 11,433 shares of the company’s stock worth $1,212,000 after buying an additional 6,533 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of InterContinental Hotels Group by 65.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock valued at $48,000 after purchasing an additional 191 shares in the last quarter. QRG Capital Management Inc. boosted its position in InterContinental Hotels Group by 30.2% during the 2nd quarter. QRG Capital Management Inc. now owns 27,508 shares of the company’s stock valued at $2,915,000 after acquiring an additional 6,373 shares in the last quarter. Capital Wealth Planning LLC grew its stake in InterContinental Hotels Group by 125.2% in the second quarter. Capital Wealth Planning LLC now owns 24,257 shares of the company’s stock worth $2,570,000 after purchasing an additional 13,487 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in InterContinental Hotels Group in the third quarter worth $1,699,000. 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.