According to Zacks, “InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. “
Other research analysts have also issued research reports about the company. Beaufort Securities restated a buy rating on shares of Intercontinental Hotels Group in a research report on Monday, October 24th. Morgan Stanley upgraded Intercontinental Hotels Group from an underweight rating to an equal weight rating in a research report on Monday, December 12th. MKM Partners restated a neutral rating and set a $44.00 price objective (down previously from $47.00) on shares of Intercontinental Hotels Group in a research report on Monday, December 5th. Barclays PLC upgraded Intercontinental Hotels Group from an equal weight rating to an overweight rating in a research report on Tuesday, January 3rd. Finally, HSBC initiated coverage on Intercontinental Hotels Group in a research report on Monday, September 19th. They set a reduce rating for the company. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Intercontinental Hotels Group presently has a consensus rating of Hold and a consensus target price of $44.00.
Intercontinental Hotels Group (NYSE:IHG) traded up 0.24% during mid-day trading on Tuesday, reaching $45.84. The company’s stock had a trading volume of 105,134 shares. The firm has a 50 day moving average price of $43.22 and a 200-day moving average price of $41.40. The company has a market capitalization of $10.45 billion, a PE ratio of 9.30 and a beta of 1.33. Intercontinental Hotels Group has a 1-year low of $34.63 and a 1-year high of $50.53.
COPYRIGHT VIOLATION NOTICE: This report was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another website, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this report can be viewed at https://sportsperspectives.com/2017/01/11/intercontinental-hotels-group-ihg-lowered-to-sell-at-zacks-investment-research.html.
Several large investors have recently made changes to their positions in the company. Aperio Group LLC raised its stake in shares of Intercontinental Hotels Group by 2.6% in the third quarter. Aperio Group LLC now owns 120,394 shares of the company’s stock worth $5,012,000 after buying an additional 3,018 shares during the period. First Trust Advisors LP bought a new stake in shares of Intercontinental Hotels Group during the second quarter worth about $609,000. CIBC World Markets Inc. bought a new stake in shares of Intercontinental Hotels Group during the second quarter worth about $266,000. World Asset Management Inc raised its stake in shares of Intercontinental Hotels Group by 8.1% in the third quarter. World Asset Management Inc now owns 13,194 shares of the company’s stock worth $549,000 after buying an additional 986 shares during the period. Finally, Investment Centers of America Inc. raised its stake in shares of Intercontinental Hotels Group by 138.6% in the second quarter. Investment Centers of America Inc. now owns 26,249 shares of the company’s stock worth $984,000 after buying an additional 15,249 shares during the period. 6.05% of the stock is currently owned by institutional investors.
About Intercontinental Hotels Group
InterContinental Hotels Group PLC is a hotel company. The Company operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s segments include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Company operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
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.