InterContinental Hotels Group (NYSE:IHG) Coverage Initiated by Analysts at Citigroup

Investment analysts at Citigroup began coverage on shares of InterContinental Hotels Group (NYSE:IHG) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.

Several other equities analysts have also commented on IHG. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Barclays upgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

InterContinental Hotels Group Price Performance

InterContinental Hotels Group stock opened at $124.41 on Monday. The firm has a 50 day simple moving average of $128.73 and a 200-day simple moving average of $117.56. InterContinental Hotels Group has a 1-year low of $91.57 and a 1-year high of $137.25. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IHG. Richardson Financial Services Inc. purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at about $25,000. Farther Finance Advisors LLC raised its position in InterContinental Hotels Group by 67.3% during the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in InterContinental Hotels Group during the fourth quarter worth about $42,000. Venturi Wealth Management LLC purchased a new position in shares of InterContinental Hotels Group during the fourth quarter valued at approximately $72,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of InterContinental Hotels Group by 419.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock valued at $72,000 after buying an additional 461 shares during the period. 15.09% of the stock is owned by hedge funds and other 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.