Intercontinental Hotels Group (NYSE:IHG) Given Consensus Recommendation of "Hold" by Analysts

Shares of Intercontinental Hotels Group (NYSE:IHG - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned 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 report on Monday, April 14th.

Intercontinental Hotels Group Trading Up 1.6%

IHG traded up $1.89 during trading on Friday, reaching $117.23. The stock had a trading volume of 427,881 shares, compared to its average volume of 199,686. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.61 and a beta of 1.33. The stock's 50 day moving average is $115.10 and its two-hundred day moving average is $118.64. Intercontinental Hotels Group has a one year low of $91.57 and a one year high of $137.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IHG. Golden State Wealth Management LLC boosted its holdings in Intercontinental Hotels Group by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 114 shares in the last quarter. Brooklyn Investment Group boosted its stake in Intercontinental Hotels Group by 219.5% in the 1st quarter. Brooklyn Investment Group now owns 246 shares of the company's stock worth $27,000 after purchasing an additional 169 shares in the last quarter. Whittier Trust Co. grew its position in Intercontinental Hotels Group by 186.3% during 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 during the last quarter. Farther Finance Advisors LLC increased its stake in Intercontinental Hotels Group by 67.3% during 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 holdings in Intercontinental Hotels Group by 48.7% in the first quarter. TD Private Client Wealth LLC now owns 348 shares of the company's stock worth $38,000 after buying an additional 114 shares during the last quarter. Institutional investors 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.