InterContinental Hotels Group PLC (NYSE:IHG) rose 4.1% on Tuesday . The company traded as high as $42.05 and last traded at $41.95, with a volume of 214,645 shares traded. The stock had previously closed at $40.31.

IHG has been the topic of a number of research reports. Beaufort Securities reissued a “buy” rating on shares of InterContinental Hotels Group PLC in a report on Monday, May 9th. Goldman Sachs Group Inc. downgraded 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 downgraded 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 assumed coverage on shares of InterContinental Hotels Group PLC in a research report on Tuesday, April 12th. They issued an “underperform” rating on the stock. Finally, JPMorgan Chase & Co. downgraded shares of InterContinental Hotels Group PLC from a “neutral” rating to an “underweight” rating in a research report on Thursday, April 14th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,225 ($16.18).

The firm’s 50 day moving average is $38.37 and its 200-day moving average is $42.34. The stock has a market capitalization of $8.23 billion and a price-to-earnings ratio of 6.82.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Alerus Investment Advisors Corp bought a new position in InterContinental Hotels Group PLC during the fourth quarter valued at approximately $3,907,000. Freestone Capital Holdings LLC increased 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. US Bancorp DE increased 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. Finally, Dimensional Fund Advisors LP increased 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.

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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