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.

COPYRIGHT VIOLATION WARNING: This piece of content was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and reposted in violation of US & international copyright law. The original version of this piece of content can be viewed at http://www.watchlistnews.com/intercontinental-hotels-group-ihg-given-consensus-recommendation-of-hold-by-brokerages/1061305.html.

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.

5 Day Chart for NYSE:IHG

Receive News & Ratings for Intercontinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Hotels Group and related companies with Analyst Ratings Network's FREE daily email newsletter.