Shares of InterContinental Hotels Group PLC (NYSE:IHG) gapped up before the market opened on Thursday . The stock had previously closed at $36.65, but opened at $36.81. InterContinental Hotels Group PLC shares last traded at $37.14, with a volume of 187,400 shares.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of InterContinental Hotels Group PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. cut shares of InterContinental Hotels Group PLC from a “neutral” rating to an “underweight” rating in a research note on Thursday, April 14th. Morgan Stanley cut shares of InterContinental Hotels Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 17th. Beaufort Securities reaffirmed a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Monday, May 9th. Finally, Credit Agricole SA began coverage on shares of InterContinental Hotels Group PLC in a research note on Tuesday, April 12th. They issued an “underperform” rating on the stock. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. InterContinental Hotels Group PLC has an average rating of “Hold” and a consensus target price of GBX 2,321.25 ($30.83).

The company’s 50 day moving average is $38.03 and its 200-day moving average is $43.04. The stock has a market capitalization of $7.30 billion and a PE ratio of 6.05.

Other large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of InterContinental Hotels Group PLC by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 171,802 shares of the company’s stock worth $6,656,000 after buying an additional 910 shares during the period. US Bancorp DE raised its stake in shares of InterContinental Hotels Group PLC by 558.4% in the fourth quarter. US Bancorp DE now owns 64,512 shares of the company’s stock worth $2,499,000 after buying an additional 54,713 shares during the last quarter. Freestone Capital Holdings LLC raised its stake in shares of InterContinental Hotels Group PLC by 19.5% in the fourth quarter. Freestone Capital Holdings LLC now owns 65,082 shares of the company’s stock worth $2,521,000 after buying an additional 10,620 shares during the last quarter. Finally, Alerus Investment Advisors Corp bought a new stake in shares of InterContinental Hotels Group PLC during the fourth quarter worth $3,907,000.

InterContinental Hotels Group PLC is a hotel company. The Company operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s segments include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Company operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites.

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