Intercontinental Hotels Group (NYSE:IHG) Given Average Recommendation of “Hold” by Analysts

Intercontinental Hotels Group (NYSE:IHG) has received an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company.

Several research firms recently commented on IHG. JPMorgan Chase & Co. upgraded Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a research report on Friday, September 26th. Wall Street Zen cut Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Wednesday, October 8th. Finally, Morgan Stanley upgraded shares of Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, October 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its holdings in Intercontinental Hotels Group by 4.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company’s stock valued at $232,000 after purchasing an additional 96 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Intercontinental Hotels Group by 24.5% during the first quarter. Bank of New York Mellon Corp now owns 17,563 shares of the company’s stock worth $1,925,000 after purchasing an additional 3,459 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Intercontinental Hotels Group by 48.7% in the first quarter. TD Private Client Wealth LLC now owns 348 shares of the company’s stock valued at $38,000 after buying an additional 114 shares in the last quarter. M&T Bank Corp bought a new position in shares of Intercontinental Hotels Group in the first quarter valued at about $481,000. Finally, Schechter Investment Advisors LLC acquired a new position in Intercontinental Hotels Group during the 1st quarter worth about $241,000. 15.09% of the stock is owned by institutional investors and hedge funds.

Intercontinental Hotels Group Stock Performance

Shares of IHG opened at $131.79 on Thursday. The company has a 50-day moving average price of $122.33 and a two-hundred day moving average price of $119.12. Intercontinental Hotels Group has a 12 month low of $94.78 and a 12 month high of $137.25.

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.