Intercontinental Hotels Group (NYSE:IHG) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Intercontinental Hotels Group (NYSE:IHG) was downgraded from a "buy" to a "hold" rating by Wall Street Zen in a recent research report.
• Analyst ratings are mixed, with three firms giving a "buy" rating, three a "hold," and one a "sell," resulting in an average rating of "hold" for the stock.
• The company's current market capitalization is $18.48 billion with shares trading between a 52-week low of $94.78 and a high of $137.25.

Intercontinental Hotels Group (NYSE:IHG - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other research firms also recently weighed in on IHG. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Intercontinental Hotels Group in a research report on Wednesday. Morgan Stanley raised Intercontinental Hotels Group from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. raised Intercontinental Hotels Group from a "neutral" rating to an "overweight" rating in a research report on Friday, September 26th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Intercontinental Hotels Group currently has an average rating of "Hold".

Intercontinental Hotels Group Stock Performance

Shares of IHG opened at $121.02 on Friday. Intercontinental Hotels Group has a 52-week low of $94.78 and a 52-week high of $137.25. The stock has a 50 day simple moving average of $121.08 and a 200 day simple moving average of $115.99. The firm has a market capitalization of $18.48 billion, a PE ratio of 21.46, a P/E/G ratio of 1.77 and a beta of 1.24.

Institutional Investors Weigh In On Intercontinental Hotels Group

Large investors have recently made changes to their positions in the stock. Aaron Wealth Advisors LLC lifted its holdings in Intercontinental Hotels Group by 4.5% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,245 shares of the company's stock valued at $246,000 after purchasing an additional 96 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Intercontinental Hotels Group by 4.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company's stock valued at $232,000 after purchasing an additional 96 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Intercontinental Hotels Group by 1.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,216 shares of the company's stock valued at $827,000 after purchasing an additional 96 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in Intercontinental Hotels Group by 3.9% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,571 shares of the company's stock valued at $297,000 after purchasing an additional 97 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in Intercontinental Hotels Group by 48.7% during 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 during 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.

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