InterContinental Hotels Group (NYSE:IHG) Stock Rating Upgraded by Barclays

Barclays upgraded shares of InterContinental Hotels Group (NYSE:IHG) from an equal weight rating to an overweight rating in a research note published on Friday morning, MarketBeat reports.

Separately, The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

InterContinental Hotels Group Trading Up 0.1 %

NYSE IHG traded up $0.15 on Friday, reaching $121.20. The company had a trading volume of 140,324 shares, compared to its average volume of 174,445. InterContinental Hotels Group has a 52-week low of $74.82 and a 52-week high of $122.78. The company’s fifty day moving average is $111.70 and its 200 day moving average is $104.96.

Hedge Funds Weigh In On InterContinental Hotels Group

A number of large investors have recently made changes to their positions in IHG. Russell Investments Group Ltd. boosted its stake in InterContinental Hotels Group by 46.9% during the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after buying an additional 106 shares during the period. Rothschild Investment LLC bought a new position in InterContinental Hotels Group in the second quarter worth $36,000. EverSource Wealth Advisors LLC boosted its stake in InterContinental Hotels Group by 65.2% during the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock worth $48,000 after acquiring an additional 191 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of InterContinental Hotels Group in the 1st quarter worth approximately $48,000. Finally, Transcendent Capital Group LLC bought a new position in shares of InterContinental Hotels Group during the second quarter valued at $50,000. 15.09% of the stock is owned by institutional investors.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, 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, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.