InterContinental Hotels Group PLC (NYSE:IHG) gapped down prior to trading on Tuesday . The stock had previously closed at $39.75, but opened at $39.84. InterContinental Hotels Group PLC shares last traded at $40.35, with a volume of 73,069 shares traded.

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

The stock has a market capitalization of $7.91 billion and a price-to-earnings ratio of 6.55. The stock has a 50-day moving average of $38.19 and a 200 day moving average of $42.42.

Several institutional investors recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position 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 in the last quarter. US Bancorp DE increased its position 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 in the last quarter. Freestone Capital Holdings LLC increased its position 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 in the last quarter. Finally, Alerus Investment Advisors Corp bought a new position in shares of InterContinental Hotels Group PLC during the fourth quarter worth approximately $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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