Jefferies Financial Group began coverage on shares of InterContinental Hotels Group (NYSE:IHG) in a research note issued to investors on Tuesday, The Fly reports. The firm issued a buy rating on the stock. Jefferies Financial Group also issued estimates for InterContinental Hotels Group’s FY2019 earnings at $3.08 EPS, FY2020 earnings at $3.42 EPS and FY2021 earnings at $3.81 EPS.

Several other equities research analysts have also recently commented on IHG. Barclays cut InterContinental Hotels Group from an equal weight rating to an underweight rating in a research note on Tuesday, June 18th. Berenberg Bank cut InterContinental Hotels Group from a buy rating to a hold rating in a research note on Tuesday, August 13th. Royal Bank of Canada cut InterContinental Hotels Group from a sector perform rating to an underperform rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut InterContinental Hotels Group from an overweight rating to a neutral rating in a research note on Thursday, September 12th. Finally, UBS Group cut InterContinental Hotels Group from a neutral rating to a sell rating in a research note on Tuesday, July 2nd. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. InterContinental Hotels Group has an average rating of Hold.

Shares of IHG opened at $61.84 on Tuesday. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 2.47 and a beta of 1.14. InterContinental Hotels Group has a fifty-two week low of $50.84 and a fifty-two week high of $71.02. The business’s 50-day moving average is $63.70 and its 200-day moving average is $64.88.

Several hedge funds and other institutional investors have recently made changes to their positions in IHG. Amundi Pioneer Asset Management Inc. bought a new stake in shares of InterContinental Hotels Group in the 2nd quarter valued at approximately $20,817,000. Freestone Capital Holdings LLC bought a new stake in shares of InterContinental Hotels Group in the 1st quarter valued at approximately $10,089,000. CIBC Private Wealth Group LLC grew its stake in shares of InterContinental Hotels Group by 173.8% in the 1st quarter. CIBC Private Wealth Group LLC now owns 124,209 shares of the company’s stock valued at $7,587,000 after buying an additional 78,848 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in InterContinental Hotels Group by 7.5% during the second quarter. Parametric Portfolio Associates LLC now owns 394,763 shares of the company’s stock worth $26,402,000 after purchasing an additional 27,610 shares during the period. Finally, Royal Bank of Canada boosted its position in InterContinental Hotels Group by 21.7% during the second quarter. Royal Bank of Canada now owns 117,565 shares of the company’s stock worth $7,863,000 after purchasing an additional 21,002 shares during the period. 8.08% of the stock is owned by institutional investors and hedge funds.

About InterContinental Hotels Group

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 HOTELS, 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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