Shares of Intercontinental Hotels Group (NYSE:IHG) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $52.60.

A number of research firms have recently commented on IHG. Credit Suisse Group raised Intercontinental Hotels Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised Intercontinental Hotels Group from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, October 23rd. Bank of America Corporation boosted their price objective on Intercontinental Hotels Group from $60.50 to $62.38 and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, BidaskClub downgraded Intercontinental Hotels Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.

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Several institutional investors have recently made changes to their positions in IHG. Bank of New York Mellon Corp raised its position in shares of Intercontinental Hotels Group by 14.5% during the first quarter. Bank of New York Mellon Corp now owns 13,912 shares of the company’s stock worth $680,000 after purchasing an additional 1,766 shares during the period. Ameriprise Financial Inc. raised its position in shares of Intercontinental Hotels Group by 9.0% during the first quarter. Ameriprise Financial Inc. now owns 6,694 shares of the company’s stock worth $328,000 after purchasing an additional 553 shares during the period. Morgan Stanley raised its position in shares of Intercontinental Hotels Group by 0.6% during the first quarter. Morgan Stanley now owns 37,060 shares of the company’s stock worth $1,814,000 after purchasing an additional 218 shares during the period. Bank of America Corp DE raised its position in shares of Intercontinental Hotels Group by 32.1% during the first quarter. Bank of America Corp DE now owns 12,141 shares of the company’s stock worth $594,000 after purchasing an additional 2,951 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Intercontinental Hotels Group by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 63,581 shares of the company’s stock worth $3,111,000 after purchasing an additional 2,333 shares during the period. 6.53% of the stock is currently owned by institutional investors.

Intercontinental Hotels Group (NYSE IHG) opened at $57.10 on Tuesday. The company has a debt-to-equity ratio of -1.92, a current ratio of 0.73 and a quick ratio of 0.72. Intercontinental Hotels Group has a 12-month low of $42.34 and a 12-month high of $57.80.

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)

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