InterContinental Hotels Group (IHG) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of InterContinental Hotels Group (NYSE:IHG) from a buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. “

Other analysts have also recently issued reports about the stock. ValuEngine upgraded shares of InterContinental Hotels Group from a hold rating to a buy rating in a research note on Friday, February 9th. Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a neutral rating to a buy rating in a research note on Friday, January 19th. Morgan Stanley upgraded shares of InterContinental Hotels Group from an underweight rating to an equal weight rating in a research note on Wednesday, November 29th. Finally, Credit Suisse Group upgraded shares of InterContinental Hotels Group from a neutral rating to an outperform rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $59.13.

Shares of InterContinental Hotels Group (IHG) opened at $63.88 on Tuesday. The company has a debt-to-equity ratio of -1.92, a quick ratio of 0.72 and a current ratio of 0.73. InterContinental Hotels Group has a 12 month low of $48.39 and a 12 month high of $69.23. The company has a market cap of $12,140.00, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in shares of InterContinental Hotels Group by 263.7% in the 4th quarter. Renaissance Technologies LLC now owns 214,600 shares of the company’s stock valued at $13,629,000 after purchasing an additional 155,600 shares during the period. Aperio Group LLC lifted its stake in shares of InterContinental Hotels Group by 3.9% in the 4th quarter. Aperio Group LLC now owns 175,622 shares of the company’s stock valued at $11,154,000 after purchasing an additional 6,603 shares during the period. Edge Advisors LLC lifted its stake in shares of InterContinental Hotels Group by 2.7% in the 4th quarter. Edge Advisors LLC now owns 130,914 shares of the company’s stock valued at $8,314,000 after purchasing an additional 3,390 shares during the period. Mawer Investment Management Ltd. lifted its stake in shares of InterContinental Hotels Group by 16.8% in the 3rd quarter. Mawer Investment Management Ltd. now owns 113,891 shares of the company’s stock valued at $6,024,000 after purchasing an additional 16,378 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of InterContinental Hotels Group by 16.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 82,788 shares of the company’s stock valued at $5,257,000 after purchasing an additional 11,531 shares during the period. Hedge funds and other institutional investors own 6.40% of the company’s stock.

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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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