Intercontinental Hotels Group (NYSE:IHG – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Monday.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research report on Saturday. 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. Finally, 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. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Read Our Latest Research Report on Intercontinental Hotels Group

Intercontinental Hotels Group Stock Performance

Shares of NYSE IHG opened at $124.37 on Monday. Intercontinental Hotels Group has a 52-week low of $94.78 and a 52-week high of $137.25. The company’s 50 day moving average price is $121.62 and its 200-day moving average price is $117.31.

Institutional Trading of Intercontinental Hotels Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. HB Wealth Management LLC bought a new stake in shares of Intercontinental Hotels Group in the 3rd quarter worth $209,000. Park Avenue Securities LLC grew its stake in shares of Intercontinental Hotels Group by 20.5% in the 3rd quarter. Park Avenue Securities LLC now owns 2,611 shares of the company’s stock worth $317,000 after acquiring an additional 445 shares in the last quarter. Signaturefd LLC grew its stake in shares of Intercontinental Hotels Group by 3.8% in the 3rd quarter. Signaturefd LLC now owns 9,741 shares of the company’s stock worth $1,181,000 after acquiring an additional 360 shares in the last quarter. PDS Planning Inc bought a new stake in shares of Intercontinental Hotels Group in the 3rd quarter worth $209,000. Finally, Ethic Inc. grew its stake in shares of Intercontinental Hotels Group by 5.7% in the 3rd quarter. Ethic Inc. now owns 8,038 shares of the company’s stock worth $975,000 after acquiring an additional 435 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

About Intercontinental Hotels Group

(Get Free Report)

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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