Goldman Sachs Group downgraded shares of InterContinental Hotels Group (NYSE:IHG) from a buy rating to a neutral rating in a report released on Thursday, Marketbeat reports.

Other analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of InterContinental Hotels Group from an equal weight rating to an underweight rating in a research report on Monday, January 7th. UBS Group raised shares of InterContinental Hotels Group from a sell rating to a neutral rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has an average rating of Hold and an average price target of $69.00.

IHG stock opened at $56.11 on Thursday. InterContinental Hotels Group has a 12 month low of $50.84 and a 12 month high of $69.23.

Several institutional investors have recently modified their holdings of the company. Moody National Bank Trust Division acquired a new stake in shares of InterContinental Hotels Group in the fourth quarter worth $28,000. Morgan Stanley lifted its stake in shares of InterContinental Hotels Group by 254.9% in the third quarter. Morgan Stanley now owns 115,847 shares of the company’s stock worth $7,273,000 after buying an additional 83,204 shares during the last quarter. Henry James International Management Inc. acquired a new stake in shares of InterContinental Hotels Group in the third quarter worth $4,206,000. Capital World Investors acquired a new stake in shares of InterContinental Hotels Group in the third quarter worth $8,464,000. Finally, Capital Bank & Trust Co lifted its stake in shares of InterContinental Hotels Group by 8.9% in the third quarter. Capital Bank & Trust Co now owns 82,073 shares of the company’s stock worth $5,153,000 after buying an additional 6,723 shares during the last quarter. Institutional investors and hedge funds own 6.81% of the company’s stock.

InterContinental Hotels Group Company Profile

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, 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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