Intercontinental Hotels Group (NYSE:IHG) Receives Average Rating of “Hold” from Analysts

Shares of Intercontinental Hotels Group (NYSE:IHG) have received a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company.

Separately, Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Hotels Group from a “sell” rating to a “hold” rating in a research note on Monday, April 14th.

Intercontinental Hotels Group Price Performance

Intercontinental Hotels Group stock opened at $118.06 on Friday. Intercontinental Hotels Group has a 12-month low of $91.57 and a 12-month high of $137.25. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. The firm’s fifty day moving average price is $115.38 and its 200 day moving average price is $118.64.

Institutional Investors Weigh In On Intercontinental Hotels Group

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC raised its stake in shares of Intercontinental Hotels Group by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 114 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Intercontinental Hotels Group by 219.5% in the 1st quarter. Brooklyn Investment Group now owns 246 shares of the company’s stock valued at $27,000 after purchasing an additional 169 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Intercontinental Hotels Group by 186.3% in the 1st quarter. Whittier Trust Co. now owns 272 shares of the company’s stock valued at $30,000 after purchasing an additional 177 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Intercontinental Hotels Group by 67.3% in the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of Intercontinental Hotels Group by 48.7% in the 1st quarter. TD Private Client Wealth LLC now owns 348 shares of the company’s stock valued at $38,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.