InterContinental Hotels Group (NYSE:IHG) Downgraded to “Hold” at Berenberg Bank

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Berenberg Bank lowered shares of InterContinental Hotels Group (NYSE:IHG) from a buy rating to a hold rating in a research note published on Tuesday, Briefing.com Automated Import reports.

Other research analysts have also issued reports about the company. Royal Bank of Canada lowered InterContinental Hotels Group from a sector perform rating to an underperform rating in a research report on Thursday, July 18th. Zacks Investment Research lowered InterContinental Hotels Group from a hold rating to a sell rating in a research report on Saturday, August 3rd. Barclays lowered InterContinental Hotels Group from an equal weight rating to an underweight rating in a research report on Tuesday, June 18th. Finally, UBS Group lowered InterContinental Hotels Group from a neutral rating to a sell rating in a research report on Tuesday, July 2nd. Seven investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Sell.

Shares of InterContinental Hotels Group stock opened at $65.18 on Tuesday. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. InterContinental Hotels Group has a fifty-two week low of $50.84 and a fifty-two week high of $71.02. The stock has a 50 day simple moving average of $68.07.

Large investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC lifted its holdings in InterContinental Hotels Group by 7.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 394,763 shares of the company’s stock worth $26,402,000 after buying an additional 27,610 shares in the last quarter. Northern Trust Corp raised its stake in shares of InterContinental Hotels Group by 1.7% in the 2nd quarter. Northern Trust Corp now owns 188,837 shares of the company’s stock valued at $12,629,000 after purchasing an additional 3,227 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in shares of InterContinental Hotels Group in the 2nd quarter valued at about $705,000. Trexquant Investment LP raised its stake in shares of InterContinental Hotels Group by 11.9% in the 2nd quarter. Trexquant Investment LP now owns 5,614 shares of the company’s stock valued at $375,000 after purchasing an additional 599 shares in the last quarter. Finally, BB&T Securities LLC raised its stake in shares of InterContinental Hotels Group by 4.3% in the 2nd quarter. BB&T Securities LLC now owns 6,269 shares of the company’s stock valued at $419,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 7.85% 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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.

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Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

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