InterContinental Hotels Group PLC (IHG) Given Consensus Rating of “Hold” by Analysts

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have been given an average recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $66.00.

A number of research firms recently commented on IHG. Zacks Investment Research raised shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Thursday, May 10th. Bank of America cut shares of InterContinental Hotels Group from a “buy” rating to a “neutral” rating in a research report on Friday, May 11th. ValuEngine cut shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, SunTrust Banks increased their target price on shares of InterContinental Hotels Group to $66.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th.

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A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in InterContinental Hotels Group by 263.7% during the 4th quarter. Renaissance Technologies LLC now owns 214,600 shares of the company’s stock valued at $13,629,000 after purchasing an additional 155,600 shares in the last quarter. Aperio Group LLC increased its stake in InterContinental Hotels Group by 13.0% during the 1st quarter. Aperio Group LLC now owns 198,462 shares of the company’s stock valued at $12,148,000 after purchasing an additional 22,840 shares in the last quarter. Freestone Capital Holdings LLC increased its stake in InterContinental Hotels Group by 4.3% during the 1st quarter. Freestone Capital Holdings LLC now owns 180,548 shares of the company’s stock valued at $11,051,000 after purchasing an additional 7,442 shares in the last quarter. Edge Advisors LLC increased its stake in InterContinental Hotels Group by 2.7% during the 4th quarter. Edge Advisors LLC now owns 130,914 shares of the company’s stock valued at $8,314,000 after purchasing an additional 3,390 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in InterContinental Hotels Group by 1,083.2% during the 1st quarter. Wells Fargo & Company MN now owns 89,759 shares of the company’s stock valued at $5,494,000 after purchasing an additional 82,173 shares in the last quarter. 6.38% of the stock is owned by institutional investors.

NYSE:IHG opened at $66.47 on Friday. InterContinental Hotels Group has a 52 week low of $49.03 and a 52 week high of $69.23. The company has a debt-to-equity ratio of -2.22, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $12.80 billion, a P/E ratio of 27.35, a PEG ratio of 2.47 and a beta of 1.32.

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, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, and Candlewood Suites brands.

Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

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