InterContinental Hotels Group PLC (ADR) (IHG) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Jun 22, 2016.
Many Wall Street Analysts have commented on InterContinental Hotels Group PLC (ADR). InterContinental Hotels Group PLC (ADR) was Downgraded by JP Morgan to ” Underweight” on Apr 14, 2016. InterContinental Hotels Group PLC (ADR) was Initiated by Credit Agricole to “Underperform” on Apr 12, 2016.
InterContinental Hotels Group PLC (ADR) opened for trading at $39.75 and hit $39.77 on the upside on Monday, eventually ending the session at $39.31, with a gain of 5.56% or 2.07 points. The heightened volatility saw the trading volume jump to 3,30,719 shares. Company has a market cap of $7,735 M.
InterContinental Hotels Group PLC is a hotel company. The Company franchises leases manages or owns over 4800 hotels and approximately 710000 guest rooms in nearly 100 countries. The Companys portfolio of hotel brands include InterContinental Hotels & Resorts HUALUXE Hotels and Resorts Crowne Plaza Hotels & Resorts Hotel Indigo EVEN Hotels Holiday Inn Holiday Inn Express Staybridge Suites Candlewood Suites and Kimpton Hotels & Restaurant. The Company operates through four geographical regions: Americas Europe Asia Middle East and Africa and Greater China.