Intercontinental Hotels Group (NYSE:IHG) Given Average Rating of "Hold" by Analysts

Intercontinental Hotels Group (NYSE:IHG - Get Free Report) has earned an average rating of "Hold" from the six analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company.

Separately, Deutsche Bank Aktiengesellschaft upgraded Intercontinental Hotels Group from a "sell" rating to a "hold" rating in a report on Monday, April 14th.

Intercontinental Hotels Group Stock Up 1.0%

IHG opened at $115.91 on Friday. The business has a fifty day moving average of $114.52 and a 200 day moving average of $118.86. Intercontinental Hotels Group has a 52-week low of $91.57 and a 52-week high of $137.25. The stock has a market cap of $17.99 billion, a P/E ratio of 20.55, a PEG ratio of 1.60 and a beta of 1.34.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC increased its position in Intercontinental Hotels Group by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 228 shares of the company's stock valued at $25,000 after buying an additional 114 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Intercontinental Hotels Group by 219.5% in the first quarter. Brooklyn Investment Group now owns 246 shares of the company's stock valued at $27,000 after purchasing an additional 169 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Intercontinental Hotels Group by 67.3% in the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the period. Whittier Trust Co. increased its holdings in shares of Intercontinental Hotels Group by 186.3% in the first quarter. Whittier Trust Co. now owns 272 shares of the company's stock valued at $30,000 after purchasing an additional 177 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Intercontinental Hotels Group in the fourth quarter valued at about $42,000. 15.09% 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 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.

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