Shares of InterContinental Hotels Group PLC (NYSE:IHG) gapped down prior to trading on Monday . The stock had previously closed at $37.03, but opened at $37.25. InterContinental Hotels Group PLC shares last traded at $37.98, with a volume of 92,960 shares.

A number of analysts recently commented on IHG shares. Goldman Sachs Group Inc. lowered InterContinental Hotels Group PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Credit Agricole SA started coverage on InterContinental Hotels Group PLC in a report on Tuesday, April 12th. They issued an “underperform” rating for the company. Beaufort Securities reiterated a “buy” rating on shares of InterContinental Hotels Group PLC in a report on Monday, May 9th. Zacks Investment Research downgraded InterContinental Hotels Group PLC from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, JPMorgan Chase & Co. downgraded InterContinental Hotels Group PLC from a “neutral” rating to an “underweight” rating in a report on Thursday, April 14th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. InterContinental Hotels Group PLC currently has an average rating of “Hold” and a consensus target price of GBX 2,321.25 ($30.11).

The firm has a market cap of $7.45 billion and a P/E ratio of 6.17. The company’s 50 day moving average is $38.06 and its 200-day moving average is $42.91.

Several large investors have recently modified their holdings of IHG. Dimensional Fund Advisors LP boosted 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 valued at $6,656,000 after buying an additional 910 shares in the last quarter. Freestone Capital Holdings LLC boosted 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 valued at $2,521,000 after buying an additional 10,620 shares in the last quarter. Alerus Investment Advisors Corp purchased a new stake in shares of InterContinental Hotels Group PLC during the fourth quarter valued at $3,907,000. Finally, US Bancorp DE boosted 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 valued at $2,499,000 after buying an additional 54,713 shares in the last quarter.

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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