InterContinental Hotels Group (NYSE:IHG) Rating Increased to Overweight at Barclays

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

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

InterContinental Hotels Group Stock Up 0.1 %

NYSE IHG traded up $0.15 during trading hours on Friday, reaching $121.20. 140,324 shares of the company’s stock were exchanged, compared to its average volume of 174,445. The firm has a fifty day moving average of $111.70 and a 200-day moving average of $104.96. InterContinental Hotels Group has a one year low of $74.82 and a one year high of $122.78.

Hedge Funds Weigh In On InterContinental Hotels Group

Hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake in shares of InterContinental Hotels Group by 5.8% in the third quarter. FMR LLC now owns 6,387,525 shares of the company’s stock valued at $705,758,000 after buying an additional 351,723 shares during the period. Bank of Montreal Can acquired a new stake in InterContinental Hotels Group during the 2nd quarter worth approximately $3,892,000. Natixis Advisors LLC grew its holdings in InterContinental Hotels Group by 2.8% during the 2nd quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock worth $77,984,000 after acquiring an additional 20,280 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of InterContinental Hotels Group during the third quarter valued at $1,699,000. Finally, Crossmark Global Holdings Inc. raised its stake in shares of InterContinental Hotels Group by 86.6% during the third quarter. Crossmark Global Holdings Inc. now owns 32,392 shares of the company’s stock valued at $3,579,000 after acquiring an additional 15,031 shares during the last quarter. 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.