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

Several equities analysts have weighed in on IHG shares. Citigroup Inc. reaffirmed a “neutral” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday. Beaufort Securities reaffirmed a “buy” rating on shares of InterContinental Hotels Group PLC in a research note on Wednesday. JPMorgan Chase & Co. cut InterContinental Hotels Group PLC from a “neutral” rating to an “underweight” rating in a research note on Thursday, April 14th. Credit Agricole SA started coverage on InterContinental Hotels Group PLC in a research note on Tuesday, April 12th. They set an “underperform” rating on the stock. Finally, Goldman Sachs Group Inc. cut InterContinental Hotels Group PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,225 ($16.18).

The company has a market capitalization of $9.50 billion and a PE ratio of 8.46. The stock has a 50 day moving average price of $38.66 and a 200 day moving average price of $42.36.

A number of institutional investors recently added to or reduced their stakes in IHG. 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. 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. Finally, Dimensional Fund Advisors LP raised 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 valued at $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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