Intercontinental Hotels Group (NYSE:IHG) was downgraded by equities research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday. The analysts noted that the move was a valuation call.

IHG has been the topic of several other research reports. Barclays PLC cut shares of Intercontinental Hotels Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 22nd. Zacks Investment Research raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, June 7th. Telsey Advisory Group upped their target price on shares of Intercontinental Hotels Group from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Thursday, February 23rd. Morgan Stanley cut shares of Intercontinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Thursday. Finally, BidaskClub cut shares of Intercontinental Hotels Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Intercontinental Hotels Group presently has an average rating of “Hold” and an average target price of $50.33.

Analyst Recommendations for Intercontinental Hotels Group (NYSE:IHG)

Intercontinental Hotels Group (NYSE:IHG) traded down 0.99% during trading on Monday, reaching $56.13. 149,737 shares of the company’s stock traded hands. The company has a 50-day moving average price of $55.87 and a 200 day moving average price of $50.49. The firm has a market capitalization of $10.57 billion, a PE ratio of 27.77 and a beta of 1.32. Intercontinental Hotels Group has a one year low of $34.63 and a one year high of $57.80.

The business also recently announced a semiannual dividend, which was paid on Monday, May 22nd. Shareholders of record on Friday, May 5th were given a $0.64 dividend. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a yield of 2.67%. This is a boost from Intercontinental Hotels Group’s previous semiannual dividend of $0.47.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wetherby Asset Management Inc. boosted its position in Intercontinental Hotels Group by 0.9% in the first quarter. Wetherby Asset Management Inc. now owns 8,468 shares of the company’s stock worth $415,000 after buying an additional 79 shares during the last quarter. Earnest Partners LLC boosted its position in Intercontinental Hotels Group by 1.7% in the first quarter. Earnest Partners LLC now owns 8,651 shares of the company’s stock worth $423,000 after buying an additional 147 shares during the last quarter. Comerica Bank boosted its position in Intercontinental Hotels Group by 1.4% in the first quarter. Comerica Bank now owns 11,353 shares of the company’s stock worth $597,000 after buying an additional 159 shares during the last quarter. World Asset Management Inc boosted its position in Intercontinental Hotels Group by 1.5% in the first quarter. World Asset Management Inc now owns 12,304 shares of the company’s stock worth $602,000 after buying an additional 176 shares during the last quarter. Finally, Morgan Stanley boosted its position in Intercontinental Hotels Group by 0.6% in the first quarter. Morgan Stanley now owns 37,060 shares of the company’s stock worth $1,814,000 after buying an additional 218 shares during the last quarter. 6.81% of the stock is currently owned by institutional investors.

Intercontinental Hotels Group Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

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