Intercontinental Hotels Group (NYSE:IHG) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $44.00.

A number of equities analysts have weighed in on IHG shares. Zacks Investment Research lowered Intercontinental Hotels Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. BidaskClub lowered Intercontinental Hotels Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Bank of America Corporation reiterated a “buy” rating on shares of Intercontinental Hotels Group in a research note on Tuesday, July 25th. Credit Suisse Group lowered Intercontinental Hotels Group from an “outperform” rating to a “neutral” rating in a research note on Monday, June 19th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered Intercontinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Thursday, June 15th.

Several institutional investors have recently made changes to their positions in IHG. Jane Street Group LLC purchased a new position in shares of Intercontinental Hotels Group in the 1st quarter valued at about $21,249,000. Freestone Capital Holdings LLC purchased a new position in shares of Intercontinental Hotels Group in the 2nd quarter valued at about $8,207,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Intercontinental Hotels Group by 12.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 385,813 shares of the company’s stock valued at $21,424,000 after purchasing an additional 42,491 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Intercontinental Hotels Group by 18.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 185,692 shares of the company’s stock valued at $9,086,000 after purchasing an additional 28,513 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Intercontinental Hotels Group by 95.9% in the 1st quarter. SG Americas Securities LLC now owns 37,933 shares of the company’s stock valued at $1,856,000 after purchasing an additional 18,566 shares in the last quarter. Hedge funds and other institutional investors own 6.70% of the company’s stock.

Shares of Intercontinental Hotels Group (NYSE:IHG) traded up 0.08% during mid-day trading on Monday, reaching $53.16. The company’s stock had a trading volume of 52,251 shares. Intercontinental Hotels Group has a 12-month low of $39.84 and a 12-month high of $57.80. The firm’s 50-day moving average price is $50.69 and its 200 day moving average price is $53.54. The firm has a market cap of $10.42 billion, a P/E ratio of 23.84 and a beta of 1.37.

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

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Intercontinental Hotels Group Company Profile

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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