InterContinental Hotels Group (NYSE: IHG – Get a Rating) was downgraded by Citigroup from a “neutral” rating to a “sell” rating in a research note released on Friday, reports The Fly.
IHG has been the subject of several other research reports. JPMorgan Chase & Co. downgraded shares of InterContinental Hotels Group from an “overweight” rating to a “neutral” rating in a Thursday, Aug. 25 research note. StockNews.com upgraded InterContinental Hotels Group shares from a “hold” rating to a “buy” rating in a Thursday, Aug. 18 research note. One financial analyst has assigned the stock a sell rating, one has assigned a hold rating and eight has assigned the stock a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5,535.00.
InterContinental Hotels Group Price Performance
NYSE:IHG shares opened at $56.84 on Friday. The company has a 50-day simple moving average of $58.08 and a 200-day simple moving average of $61.06. InterContinental Hotels Group has a one-year minimum of $51.28 and a one-year maximum of $73.40.
Institutional trading of the InterContinental Hotels group
Several hedge funds have recently increased or reduced their holdings in the stock. Jane Street Group LLC purchased a new stake in InterContinental Hotels Group in the second quarter valued at approximately $2,241,000. Renaissance Technologies LLC increased its stake in shares of InterContinental Hotels Group by 285.9% in the second quarter. Renaissance Technologies LLC now owns 27,400 shares of the company worth $1,481,000 after purchasing an additional 20,300 shares in the last quarter. Vanguard Custom Indexing Management LLC increased its stake in shares of InterContinental Hotels Group by 21.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,324 shares of the company worth $396,000 after purchasing an additional 1,281 shares in the last quarter. FMR LLC increased its stake in shares of InterContinental Hotels Group by 22.3% in the second quarter. FMR LLC now owns 3,693,785 shares of the company worth $199,649,000 after purchasing an additional 674,404 shares in the last quarter. Finally, the Toronto Dominion Bank increased its stake in InterContinental Hotels Group shares by 265.1% in the second quarter. The Toronto Dominion Bank now owns 5,622 shares of the company worth $305,000 after buying 4,082 more shares last quarter. Institutional investors hold 4.74% of the company’s shares.
About InterContinental Hotels Group
(Get an evaluation)
InterContinental Hotels Group PLC owns, manages, franchises and leases hotels in America, Europe, Asia, the Middle East, Africa and Greater China. The Company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites brands. , Atwell Suites, Candlewood Suites, Voco and Crowne Plaza.
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