InterContinental Hotels Group PLC (NYSE:IHG) shares gapped up prior to trading on Monday . The stock had previously closed at $38.45, but opened at $38.46. InterContinental Hotels Group PLC shares last traded at $39.05, with a volume of 72,284 shares trading hands.

A number of research analysts have commented on the company. JPMorgan Chase & Co. downgraded InterContinental Hotels Group PLC from a “neutral” rating to an “underweight” rating in a research note on Thursday, April 14th. Zacks Investment Research downgraded InterContinental Hotels Group PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Beaufort Securities restated a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Monday, May 9th. Credit Agricole SA assumed coverage on InterContinental Hotels Group PLC in a research note on Tuesday, April 12th. They issued an “underperform” rating on the stock. Finally, Goldman Sachs Group Inc. downgraded InterContinental Hotels Group PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,321.25 ($30.78).

The firm’s 50 day moving average is $38.09 and its 200-day moving average is $42.61. The company has a market cap of $7.69 billion and a P/E ratio of 6.37.

A number of institutional investors have bought and sold shares of the company. US Bancorp DE boosted its position in 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. Alerus Investment Advisors Corp acquired a new position in InterContinental Hotels Group PLC during the fourth quarter worth approximately $3,907,000. Freestone Capital Holdings LLC boosted its position in 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, Dimensional Fund Advisors LP boosted its position in 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 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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