InterContinental Hotels Group PLC (NYSE:IHG) gapped up prior to trading on Monday . The stock had previously closed at $39.35, but opened at $39.43. InterContinental Hotels Group PLC shares last traded at $39.89, with a volume of 69,329 shares changing hands.

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

The stock has a market cap of $7.81 billion and a price-to-earnings ratio of 6.47. The firm’s 50 day moving average is $38.17 and its 200 day moving average is $42.45.

A number of hedge funds have recently made changes to their positions in IHG. 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 last quarter. Freestone Capital Holdings LLC raised 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 valued at $2,521,000 after buying an additional 10,620 shares during the last quarter. Alerus Investment Advisors Corp bought a new position in InterContinental Hotels Group PLC during the fourth quarter valued at about $3,907,000. Finally, US Bancorp DE raised 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 valued at $2,499,000 after buying an additional 54,713 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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