InterContinental Hotels Group PLC (NYSE:IHG) Receives Consensus Rating of “Sell” from Brokerages

Share on StockTwits

InterContinental Hotels Group PLC (NYSE:IHG) has been given a consensus recommendation of “Sell” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company.

IHG has been the topic of several research analyst reports. UBS Group cut InterContinental Hotels Group from a “neutral” rating to a “sell” rating in a report on Tuesday, July 2nd. Berenberg Bank cut InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Royal Bank of Canada cut InterContinental Hotels Group from a “sector perform” rating to an “underperform” rating in a report on Thursday, July 18th. Zacks Investment Research cut InterContinental Hotels Group from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Finally, Barclays cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 18th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. bought a new position in InterContinental Hotels Group in the 2nd quarter worth $37,000. Private Capital Group LLC raised its holdings in InterContinental Hotels Group by 26.6% in the 2nd quarter. Private Capital Group LLC now owns 762 shares of the company’s stock worth $48,000 after purchasing an additional 160 shares during the period. Signaturefd LLC raised its holdings in InterContinental Hotels Group by 18.0% in the 2nd quarter. Signaturefd LLC now owns 2,231 shares of the company’s stock worth $149,000 after purchasing an additional 341 shares during the period. Janney Montgomery Scott LLC bought a new position in InterContinental Hotels Group in the 2nd quarter worth $235,000. Finally, Quadrant Capital Group LLC bought a new position in InterContinental Hotels Group in the 1st quarter worth $210,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of IHG opened at $62.77 on Tuesday. The business’s fifty day simple moving average is $67.29 and its two-hundred day simple moving average is $64.53. InterContinental Hotels Group has a 12 month low of $50.84 and a 12 month high of $71.02.

About InterContinental Hotels Group

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.

See Also: How to Use the New Google Finance Tool

Analyst Recommendations for InterContinental Hotels Group (NYSE:IHG)

Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EZCORP  Stock Price Down 11.5%
EZCORP Stock Price Down 11.5%
Opera  Stock Price Down 7.5%
Opera Stock Price Down 7.5%
Lexicon Pharmaceuticals  Trading Down 9.2%
Lexicon Pharmaceuticals Trading Down 9.2%
Hi-Crush  Trading Down 6.8%
Hi-Crush Trading Down 6.8%
Spi Energy  Trading Down 12.2%
Spi Energy Trading Down 12.2%
Dynagas LNG Partners  Trading Down 8.3%
Dynagas LNG Partners Trading Down 8.3%


© 2006-2019 Ticker Report