InterContinental Hotels Group (NYSE:IHG) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, The Fly reports.
A number of other research firms also recently commented on IHG. Berenberg Bank downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. UBS Group downgraded InterContinental Hotels Group from a “neutral” rating to a “sell” rating in a report on Tuesday, July 2nd. Royal Bank of Canada downgraded InterContinental Hotels Group from a “sector perform” rating to an “underperform” rating in a report on Thursday, July 18th. Zacks Investment Research downgraded InterContinental Hotels Group from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Finally, Barclays downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 18th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold”.
Shares of IHG stock traded up $0.51 on Thursday, reaching $62.61. 77,682 shares of the stock were exchanged, compared to its average volume of 297,967. The stock has a market cap of $11.30 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.44 and a beta of 1.14. The firm has a 50 day moving average of $64.79 and a two-hundred day moving average of $64.85. InterContinental Hotels Group has a 1-year low of $50.84 and a 1-year high of $71.02.
InterContinental Hotels Group Company Profile
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, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
Recommended Story: LIBOR
Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.