The stock of InterContinental Hotels Group PLC (ADR) (NYSE:IHG) is a huge mover today! About 139,260 shares traded hands. InterContinental Hotels Group PLC (ADR) (NYSE:IHG) has declined 8.24% since February 29, 2016 and is downtrending. It has underperformed by 20.45% the S&P500.
The move comes after 5 months positive chart setup for the $8.48 billion company. It was reported on Oct, 3 by Barchart.com. We have $55.54 PT which if reached, will make NYSE:IHG worth $2.63B more.
InterContinental Hotels Group PLC (ADR) (NYSE:IHG) Ratings Coverage
Out of 11 analysts covering Intercontinental Hotels Group (NYSE:IHG), 1 rate it a “Buy”, 5 “Sell”, while 5 “Hold”. This means 9% are positive. Intercontinental Hotels Group has been the topic of 14 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The rating was downgraded by Berenberg on Tuesday, December 8 to “Hold”. On Monday, September 26 the stock rating was downgraded by Morgan Stanley to “Underweight”. On Thursday, August 4 the stock rating was maintained by SunTrust with “Neutral”. As per Monday, March 7, the company rating was downgraded by Citigroup. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, March 17. The stock has “Reduce” rating given by HSBC on Monday, September 19. Citigroup downgraded InterContinental Hotels Group PLC (ADR) (NYSE:IHG) on Tuesday, January 12 to “Neutral” rating. The rating was initiated by CLSA on Tuesday, April 12 with “Underperform”. The stock of InterContinental Hotels Group PLC (ADR) (NYSE:IHG) earned “Hold” rating by Kepler Cheuvreux on Wednesday, February 24. JP Morgan downgraded the stock to “Underweight” rating in Thursday, April 14 report.
According to Zacks Investment Research, “InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels.”
More notable recent InterContinental Hotels Group PLC (ADR) (NYSE:IHG) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Fool.com with their article: “Hotel Stocks to Watch: InterContinental Hotels Group PLC and Homeinns Hotel Group” published on November 16, 2015, Seekingalpha.com published: “A Winner In The Current Consolidation Wave In The Hotel Industry …” on November 18, 2015. More interesting news about InterContinental Hotels Group PLC (ADR) (NYSE:IHG) were released by: Benzinga.com and their article: “Benzinga’s Top Downgrades” published on September 26, 2016 as well as Investorplace.com‘s news article titled: “11 Hotels Restaurants & Leisure Stocks to Buy Now” with publication date: September 29, 2016.
IHG Company Profile
InterContinental Hotels Group PLC, incorporated on May 21, 2004, is a hotel company. The Firm operates hotels in three ways: as a franchisor, as a manager, and on an owned and leased basis. The Company’s divisions include Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. The Firm operates a portfolio of hotel brands, including InterContinental, HUALUXE Hotels and Resorts, Kimpton Hotels and Restaurants, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites and Candlewood Suites. The Firm has approximately 5,000 hotels and over 744,000 guest rooms in its System in over 100 countries, and has over 1,300 hotels in its development pipeline. It operates approximately 4,220 hotels under franchise agreements. The Firm manages over 810 hotels and owns seven hotels across the world.
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