Intercontinental Hotels Group (NYSE:IHG – Get Free Report)’s stock had its “buy (b)” rating reaffirmed by equities researchers at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

IHG has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. JPMorgan Chase & Co. upgraded shares of Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a 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 report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Hotels Group has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on Intercontinental Hotels Group

Intercontinental Hotels Group Stock Up 1.5%

Shares of IHG stock traded up $1.80 during mid-day trading on Friday, reaching $124.37. 205,237 shares of the company’s stock traded hands, compared to its average volume of 176,821. Intercontinental Hotels Group has a 12 month low of $94.78 and a 12 month high of $137.25. The company has a market cap of $18.96 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.77 and a beta of 1.24. The company’s 50-day moving average price is $121.62 and its 200-day moving average price is $117.07.

Hedge Funds Weigh In On Intercontinental Hotels Group

Hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC raised its position in Intercontinental Hotels Group by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 228 shares of the company’s stock worth $25,000 after buying an additional 114 shares during the last quarter. Brooklyn Investment Group raised its position in Intercontinental Hotels Group by 219.5% in the 1st quarter. Brooklyn Investment Group now owns 246 shares of the company’s stock worth $27,000 after buying an additional 169 shares during the last quarter. Whittier Trust Co. raised its position in Intercontinental Hotels Group by 186.3% in the 1st quarter. Whittier Trust Co. now owns 272 shares of the company’s stock worth $30,000 after buying an additional 177 shares during the last quarter. TD Private Client Wealth LLC raised its position in Intercontinental Hotels Group by 48.7% in the 1st quarter. TD Private Client Wealth LLC now owns 348 shares of the company’s stock worth $38,000 after buying an additional 114 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Intercontinental Hotels Group in the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Company Profile

(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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