Intercontinental Hotels Group (NYSE:IHG) Receives Average Recommendation of “Hold” from Analysts

Shares of Intercontinental Hotels Group (NYSE:IHGGet Free Report) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company.

Separately, Deutsche Bank Aktiengesellschaft upgraded Intercontinental Hotels Group from a “sell” rating to a “hold” rating in a research note on Monday, April 14th.

Check Out Our Latest Stock Analysis on Intercontinental Hotels Group

Intercontinental Hotels Group Stock Performance

Shares of IHG stock opened at $115.91 on Friday. The stock’s 50-day simple moving average is $114.52 and its 200-day simple moving average is $118.86. The firm has a market capitalization of $17.99 billion, a PE ratio of 20.55, a P/E/G ratio of 1.60 and a beta of 1.34. Intercontinental Hotels Group has a fifty-two week low of $91.57 and a fifty-two week high of $137.25.

Hedge Funds Weigh In On Intercontinental Hotels Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its position in shares of Intercontinental Hotels Group by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 228 shares of the company’s stock valued at $25,000 after acquiring an additional 114 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Intercontinental Hotels Group by 219.5% in the first quarter. Brooklyn Investment Group now owns 246 shares of the company’s stock valued at $27,000 after acquiring an additional 169 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Intercontinental Hotels Group by 186.3% in the first quarter. Whittier Trust Co. now owns 272 shares of the company’s stock valued at $30,000 after acquiring an additional 177 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Intercontinental Hotels Group by 67.3% in the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position 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 acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Intercontinental Hotels Group (NYSE:IHG)

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