Shares of Intercontinental Hotels Group (NYSE:IHG) have received an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $44.00.

Several equities analysts have recently commented on the company. BidaskClub downgraded Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised Intercontinental Hotels Group from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Wednesday, June 7th. Bank of America Corporation reaffirmed a “buy” rating on shares of Intercontinental Hotels Group in a research report on Tuesday, July 25th. Credit Suisse Group downgraded Intercontinental Hotels Group from an “outperform” rating to a “neutral” rating in a research report on Monday, June 19th. They noted that the move was a valuation call. Finally, Morgan Stanley downgraded Intercontinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Thursday, June 15th.

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Shares of Intercontinental Hotels Group (NYSE IHG) opened at 51.93 on Friday. Intercontinental Hotels Group has a 12 month low of $39.84 and a 12 month high of $57.80. The company has a market cap of $10.18 billion, a P/E ratio of 23.29 and a beta of 1.34. The firm has a 50 day moving average price of $55.73 and a 200-day moving average price of $53.13.

The business also recently declared a special dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 30th.

A number of large investors have recently modified their holdings of IHG. Jane Street Group LLC bought a new stake in shares of Intercontinental Hotels Group during the first quarter worth about $21,249,000. Karp Capital Management Corp bought a new stake in shares of Intercontinental Hotels Group during the first quarter worth about $8,584,000. Freestone Capital Holdings LLC bought a new stake in shares of Intercontinental Hotels Group during the second quarter worth about $8,207,000. Parametric Portfolio Associates LLC increased its stake in shares of Intercontinental Hotels Group by 18.1% in the first quarter. Parametric Portfolio Associates LLC now owns 185,692 shares of the company’s stock worth $9,086,000 after buying an additional 28,513 shares in the last quarter. Finally, Dubuque Bank & Trust Co. bought a new stake in shares of Intercontinental Hotels Group during the first quarter worth about $1,366,000. 6.93% of the stock is currently owned by institutional investors and hedge funds.

About Intercontinental Hotels Group

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Analyst Recommendations for Intercontinental Hotels Group (NYSE:IHG)

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