Weiss Ratings Reiterates "Buy (B)" Rating for Intercontinental Hotels Group (NYSE:IHG)

Intercontinental Hotels Group (NYSE:IHG - Get Free Report)'s stock had its "buy (b)" rating reissued by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Intercontinental Hotels Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Morgan Stanley upgraded shares of Intercontinental Hotels Group from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. upgraded shares of Intercontinental Hotels Group from a "neutral" rating to an "overweight" rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Intercontinental Hotels Group has a consensus rating of "Hold".

Intercontinental Hotels Group Price Performance

NYSE IHG opened at $123.80 on Wednesday. The company has a market capitalization of $18.90 billion, a PE ratio of 21.95, a P/E/G ratio of 1.78 and a beta of 1.24. The company has a fifty day moving average of $120.83 and a 200 day moving average of $115.85. Intercontinental Hotels Group has a 1 year low of $94.78 and a 1 year high of $137.25.

Institutional Trading of Intercontinental Hotels Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Natixis Advisors LLC increased its stake in shares of Intercontinental Hotels Group by 2.8% during the first quarter. Natixis Advisors LLC now owns 717,617 shares of the company's stock worth $78,644,000 after purchasing an additional 19,467 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Intercontinental Hotels Group by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 668,948 shares of the company's stock worth $73,310,000 after purchasing an additional 16,461 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Intercontinental Hotels Group by 125.7% during the second quarter. JPMorgan Chase & Co. now owns 451,823 shares of the company's stock worth $52,113,000 after purchasing an additional 251,647 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Intercontinental Hotels Group by 98.4% during the second quarter. Lazard Asset Management LLC now owns 355,863 shares of the company's stock worth $41,044,000 after purchasing an additional 176,502 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Intercontinental Hotels Group by 170.5% during the first quarter. Millennium Management LLC now owns 305,177 shares of the company's stock worth $33,444,000 after purchasing an additional 192,342 shares in the last quarter. Hedge funds and other institutional investors own 15.09% of the company's stock.

Intercontinental Hotels Group Company Profile

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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