Shares of InterContinental Hotels Group PLC (NYSE:IHG) have earned an average rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $55.46.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded InterContinental Hotels Group from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, October 23rd. BidaskClub downgraded InterContinental Hotels Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Credit Suisse Group upgraded InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 1st. Morgan Stanley upgraded InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 29th. Finally, Bank of America increased their price target on InterContinental Hotels Group from $60.50 to $62.38 and gave the stock a “buy” rating in a report on Friday, October 20th.

Hedge funds have recently bought and sold shares of the company. Stevens Capital Management LP acquired a new position in shares of InterContinental Hotels Group during the third quarter worth about $429,000. Comerica Bank acquired a new position in InterContinental Hotels Group during the third quarter valued at approximately $596,000. Crossmark Global Holdings Inc. acquired a new position in InterContinental Hotels Group during the third quarter valued at approximately $1,782,000. Goldman Sachs Group Inc. boosted its position in InterContinental Hotels Group by 9.6% during the second quarter. Goldman Sachs Group Inc. now owns 69,660 shares of the company’s stock valued at $3,868,000 after purchasing an additional 6,079 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in InterContinental Hotels Group by 10.1% during the second quarter. Parametric Portfolio Associates LLC now owns 204,460 shares of the company’s stock valued at $11,354,000 after purchasing an additional 18,768 shares during the last quarter. 6.38% of the stock is owned by institutional investors.

Shares of InterContinental Hotels Group (IHG) opened at $61.07 on Friday. 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 fifty-two week low of $45.41 and a fifty-two week high of $61.19.

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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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