UBS Group upgraded shares of InterContinental Hotels Group (NYSE:IHG) from a sell rating to a neutral rating in a report issued on Thursday, www.benzinga.com reports.

Separately, Morgan Stanley downgraded InterContinental Hotels Group from an equal weight rating to an underweight rating in a research note on Monday, January 7th. Four equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $69.00.

IHG stock opened at $56.11 on Thursday. InterContinental Hotels Group has a 52 week low of $50.84 and a 52 week high of $69.23.

Hedge funds and other institutional investors have recently modified their holdings of the business. Moody National Bank Trust Division bought a new stake in shares of InterContinental Hotels Group during the fourth quarter worth about $28,000. Quantbot Technologies LP bought a new stake in shares of InterContinental Hotels Group during the third quarter worth about $188,000. PNC Financial Services Group Inc. grew its holdings in shares of InterContinental Hotels Group by 149.8% during the third quarter. PNC Financial Services Group Inc. now owns 4,332 shares of the company’s stock worth $273,000 after purchasing an additional 2,598 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of InterContinental Hotels Group by 35.7% during the third quarter. Advisory Services Network LLC now owns 5,418 shares of the company’s stock worth $340,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of InterContinental Hotels Group by 11.4% during the second quarter. Bank of New York Mellon Corp now owns 10,141 shares of the company’s stock worth $635,000 after purchasing an additional 1,038 shares during the last quarter. 6.81% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Story: New Google Finance Tool and Screening Stocks

Analyst Recommendations for InterContinental Hotels Group (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 MarketBeat.com's FREE daily email newsletter.