Shares of Intercontinental Hotels Group (NYSE:IHG) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $44.00.

A number of research firms have commented on IHG. Zacks Investment Research downgraded shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. BidaskClub downgraded shares of Intercontinental Hotels Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Credit Suisse Group cut shares of Intercontinental Hotels Group from an “outperform” rating to a “neutral” rating in a research note on Monday, June 19th. They noted that the move was a valuation call. Finally, Morgan Stanley cut shares of Intercontinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Thursday, June 15th.

Intercontinental Hotels Group (NYSE:IHG) opened at 56.46 on Wednesday. The firm’s 50-day moving average is $55.99 and its 200 day moving average is $52.22. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 27.94 and a beta of 1.34. Intercontinental Hotels Group has a 12 month low of $39.84 and a 12 month high of $57.80.

ILLEGAL ACTIVITY WARNING: “Intercontinental Hotels Group (IHG) Receives Average Recommendation of “Hold” from Brokerages” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/19/intercontinental-hotels-group-ihg-receives-average-recommendation-of-hold-from-brokerages.html.

Several institutional investors have recently made changes to their positions in the company. Geneva Advisors LLC increased its position in Intercontinental Hotels Group by 3.3% in the first quarter. Geneva Advisors LLC now owns 35,919 shares of the company’s stock valued at $1,758,000 after buying an additional 1,135 shares during the period. Capstone Asset Management Co. increased its position in shares of Intercontinental Hotels Group by 12.1% in the first quarter. Capstone Asset Management Co. now owns 192,062 shares of the company’s stock worth $9,398,000 after buying an additional 20,745 shares during the last quarter. Greenleaf Trust bought a new position in shares of Intercontinental Hotels Group during the first quarter worth approximately $255,000. Wetherby Asset Management Inc. increased its position in shares of 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. Finally, Koch Industries Inc. bought a new position in shares of Intercontinental Hotels Group during the first quarter worth approximately $282,000. 6.81% of the stock is currently owned by institutional investors.

About Intercontinental Hotels Group

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.

Analyst Recommendations for Intercontinental Hotels Group (NYSE:IHG)

Receive News & Ratings for Intercontinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.