Intercontinental Hotels Group (NYSE:IHG) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

A number of other research firms have also recently weighed in on IHG. Zacks Investment Research raised shares of Intercontinental Hotels Group from a “sell” rating to a “hold” rating in a report on Thursday. Credit Suisse Group cut shares of Intercontinental Hotels Group from an “outperform” rating to a “neutral” rating in a report on Monday, June 19th. They noted that the move was a valuation call. Morgan Stanley cut shares of Intercontinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Thursday, June 15th. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of Intercontinental Hotels Group in a report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Intercontinental Hotels Group has a consensus rating of “Hold” and an average price target of $50.33.

Intercontinental Hotels Group (NYSE IHG) traded up 0.12% during trading on Friday, hitting $49.66. The stock had a trading volume of 158,141 shares. The company has a 50-day moving average price of $54.38 and a 200-day moving average price of $53.27. Intercontinental Hotels Group has a 52-week low of $39.84 and a 52-week high of $57.80. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 22.27 and a beta of 1.34.

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A number of institutional investors have recently bought and sold shares of IHG. Wetherby Asset Management Inc. raised its position in Intercontinental Hotels Group by 0.9% in the first quarter. Wetherby Asset Management Inc. now owns 8,468 shares of the company’s stock worth $415,000 after buying an additional 79 shares during the last quarter. Earnest Partners LLC raised its position in Intercontinental Hotels Group by 1.7% in the first quarter. Earnest Partners LLC now owns 8,651 shares of the company’s stock worth $423,000 after buying an additional 147 shares during the last quarter. Comerica Bank raised its position in Intercontinental Hotels Group by 1.4% in the first quarter. Comerica Bank now owns 11,353 shares of the company’s stock worth $597,000 after buying an additional 159 shares during the last quarter. World Asset Management Inc raised its position in Intercontinental Hotels Group by 1.5% in the first quarter. World Asset Management Inc now owns 12,304 shares of the company’s stock worth $602,000 after buying an additional 176 shares during the last quarter. Finally, Morgan Stanley raised its position in Intercontinental Hotels Group by 0.6% in the first quarter. Morgan Stanley now owns 37,060 shares of the company’s stock worth $1,814,000 after buying an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 6.82% of the company’s stock.

Intercontinental Hotels Group Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Analyst Recommendations for Intercontinental Hotels Group (NYSE:IHG)

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