Zacks Investment Research cut shares of Intercontinental Hotels Group (NYSE:IHG) from a hold rating to a sell rating in a report released on Tuesday.

According to Zacks, “InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. “

IHG has been the subject of several other reports. Morgan Stanley cut shares of Intercontinental Hotels Group from an equal weight rating to an underweight rating in a research report on Monday, September 26th. Beaufort Securities restated a buy rating on shares of Intercontinental Hotels Group in a research report on Monday, October 24th. MKM Partners restated a neutral rating and issued a $44.00 price target (down from $47.00) on shares of Intercontinental Hotels Group in a research report on Monday, December 5th. HSBC initiated coverage on shares of Intercontinental Hotels Group in a research report on Monday, September 19th. They issued a reduce rating for the company. Finally, Barclays PLC upgraded shares of Intercontinental Hotels Group from an equal weight rating to an overweight rating in a research report on Tuesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Intercontinental Hotels Group currently has a consensus rating of Hold and an average price target of $44.00.

Shares of Intercontinental Hotels Group (NYSE:IHG) traded up 0.17% during midday trading on Tuesday, hitting $45.81. 25,730 shares of the company were exchanged. Intercontinental Hotels Group has a one year low of $34.63 and a one year high of $50.53. The firm’s 50 day moving average price is $43.51 and its 200 day moving average price is $41.47. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 9.30 and a beta of 1.33.

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Several large investors have recently bought and sold shares of the stock. Balasa Dinverno & Foltz LLC bought a new position in shares of Intercontinental Hotels Group during the third quarter valued at about $268,000. Aperio Group LLC raised its position in shares of Intercontinental Hotels Group by 2.6% in the third quarter. Aperio Group LLC now owns 120,394 shares of the company’s stock valued at $5,012,000 after buying an additional 3,018 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of Intercontinental Hotels Group by 120.4% in the third quarter. NEXT Financial Group Inc now owns 2,704 shares of the company’s stock valued at $113,000 after buying an additional 1,477 shares in the last quarter. World Asset Management Inc raised its position in shares of Intercontinental Hotels Group by 8.1% in the third quarter. World Asset Management Inc now owns 13,194 shares of the company’s stock valued at $549,000 after buying an additional 986 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Intercontinental Hotels Group by 546.0% in the third quarter. Capstone Asset Management Co. now owns 165,015 shares of the company’s stock valued at $6,870,000 after buying an additional 139,472 shares in the last quarter. 6.05% of the stock is currently owned by institutional investors.

Intercontinental Hotels Group Company Profile

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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