Intercontinental Hotels Group (IHG) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Intercontinental Hotels Group (NYSE:IHG) have earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $44.00.
A number of research analysts have commented on the stock. Zacks Investment Research lowered shares of Intercontinental Hotels Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays PLC upgraded shares of Intercontinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 3rd. Morgan Stanley upgraded shares of Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, December 12th. HSBC initiated coverage on shares of Intercontinental Hotels Group in a research note on Monday, September 19th. They set a “reduce” rating on the stock. Finally, MKM Partners reiterated a “neutral” rating and set a $44.00 price target (down from $47.00) on shares of Intercontinental Hotels Group in a research note on Monday, December 5th.
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Intercontinental Hotels Group (NYSE:IHG) opened at 45.87 on Monday. Intercontinental Hotels Group has a 52 week low of $34.63 and a 52 week high of $50.53. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 9.31 and a beta of 1.33. The company has a 50-day moving average of $43.58 and a 200-day moving average of $41.54.
A number of hedge funds have recently added to or reduced their stakes in the company. Moors & Cabot Inc. bought a new stake in Intercontinental Hotels Group during the third quarter worth approximately $223,000. UBS Group AG increased its stake in Intercontinental Hotels Group by 8.9% in the third quarter. UBS Group AG now owns 62,231 shares of the company’s stock worth $2,591,000 after buying an additional 5,110 shares in the last quarter. HBK Investments L P increased its stake in Intercontinental Hotels Group by 30.8% in the third quarter. HBK Investments L P now owns 10,200 shares of the company’s stock worth $425,000 after buying an additional 2,400 shares in the last quarter. Two Sigma Advisers LP increased its stake in Intercontinental Hotels Group by 25.8% in the third quarter. Two Sigma Advisers LP now owns 7,072 shares of the company’s stock worth $294,000 after buying an additional 1,451 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Intercontinental Hotels Group during the third quarter worth approximately $265,000. 6.05% of the stock is currently owned by hedge funds and other institutional investors.
Intercontinental Hotels Group Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s segments include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Company operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
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