InterContinental Hotels Group PLC (NYSE: IHG) Receives Consensus Recommendation to “Hold” Analysts
Shares of InterContinental Hotels Group PLC (NYSE: IHG) have received a consensus rating of “Hold” from the nineteen research companies that cover the company, reports Marketbeat.com. Six research analysts rated the stock with a sell recommendation, ten gave a hold recommendation, and two gave the company a buy recommendation. The 1-year average price target among analysts who issued ratings on the stock in the past year is $ 55.00.
IHG has been the subject of a number of research reports. Exane BNP Paribas reduced InterContinental Hotels Group from a “neutral” rating to an “underperforming” rating in a research report on Monday 25 January. Peel Hunt downgraded InterContinental Hotels Group from a “maintenance” rating to a “reduction” rating in a Monday February 22 report. JPMorgan Chase & Co. reaffirmed an “underweight” rating on InterContinental Hotels Group shares in a research note on Tuesday, March 9. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” note on InterContinental Hotels Group shares in a research note on Wednesday March 10. Finally, UBS Group reaffirmed a “sell” note on InterContinental Hotels Group shares in a research note on Thursday, March 11.
A number of hedge funds have recently changed their holdings in IHG. JPMorgan Chase & Co. increased its position in InterContinental Hotels Group by 73.4% in the fourth quarter. JPMorgan Chase & Co. now owns 271,839 shares of the company valued at $ 17,703,000 after purchasing an additional 115,089 shares during the period. Verition Fund Management LLC acquired a new stake in InterContinental Hotels Group shares in the fourth quarter valued at approximately $ 3,455,000. Aperio Group LLC increased its holdings of InterContinental Hotels Group shares by 10.2% in the third quarter. Aperio Group LLC now owns 189,433 shares of the company valued at $ 9,941,000 after purchasing an additional 17,502 shares during the period. FNY Investment Advisers LLC acquired a new stake in InterContinental Hotels Group shares in the fourth quarter valued at approximately $ 696,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in InterContinental Hotels Group shares in the third quarter valued at approximately $ 535,000. Institutional investors and hedge funds own 3.90% of the company’s shares.
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InterContinental Hotels Group shares open at $ 72.02 on Wednesdays. The stock has a market cap of $ 13.20 billion, a PE ratio of 23.93, a price / earnings-growth ratio of 21.50 and a beta of 1.34. InterContinental Hotels Group has a one-year minimum of $ 25.39 and a one-year maximum of $ 75.20. The stock has a fifty-day moving average of $ 68.96 and a 200-day moving average of $ 61.62.
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, restaurants and spas under InterContinental Hotels & Resorts, Regent, Six Senses, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Voco, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, and Candlewood Suites are trademarks.
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7 things to watch out for when student debt forgiveness is adopted
Now that the Biden administration is fully in the driver’s seat, student debt cancellation has come to the fore. Consider these numbers. Student debt is estimated at $ 1.7 trillion. The average student carries around $ 30,000 in student loans.
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With that in mind, we’ve prepared this special presentation that looks at 7 actions that could benefit if borrowers are freed from the burden of student loans.
See “7 Actions to Watch Out for When Enacted Student Debt Forgiveness.”
