InterContinental Hotels Group PLC (NYSE:IHG) Given Consensus Rating of “Hold” by Analysts

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company.

IHG has been the subject of several research reports. Zacks Investment Research cut shares of InterContinental Hotels Group from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Barclays cut shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, June 18th. Royal Bank of Canada cut shares of InterContinental Hotels Group from a “sector perform” rating to an “underperform” rating in a research note on Thursday, July 18th. Finally, UBS Group cut shares of InterContinental Hotels Group from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 2nd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. acquired a new position in InterContinental Hotels Group in the second quarter worth about $37,000. Signaturefd LLC raised its position in InterContinental Hotels Group by 18.0% in the second quarter. Signaturefd LLC now owns 2,231 shares of the company’s stock worth $149,000 after purchasing an additional 341 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in InterContinental Hotels Group in the second quarter worth about $235,000. Quadrant Capital Group LLC acquired a new position in InterContinental Hotels Group in the first quarter worth about $210,000. Finally, GYL Financial Synergies LLC acquired a new position in InterContinental Hotels Group in the first quarter worth about $237,000. Institutional investors and hedge funds own 7.85% of the company’s stock.

Shares of NYSE IHG traded down $0.97 during mid-day trading on Friday, hitting $67.37. The company had a trading volume of 1,564 shares, compared to its average volume of 84,210. The firm’s 50-day moving average price is $68.37. InterContinental Hotels Group has a 12 month low of $50.84 and a 12 month high of $71.02. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.65 and a beta of 1.08.

About InterContinental Hotels Group

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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.

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Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

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