Shares of InterContinental Hotels Group PLC have a “Hold” rating from analysts, potentially impacting stock price.
Stock AI’s forecasts:
🟢 +2.8% short-term ⬆️
🟢 +4.5% long-term ⬆️
Stock AI’s (IHG) Forecast get (+3.7% Profit)
StockAI’s analysis delivers real-world results. On 14 December 2023, $IHG ($91.25), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $94.65 (🔴3.7%). Selling IHG on this signal yielded a +3.7% profit 💰💰.
IHG-InterContinental Hotels Group PLC News
🟢 Jefferies Financial Group reissued their hold rating on shares of **InterContinental Hotels Group (LON:IHG)**, boosting investor confidence.
🔴 King Luther Capital Management Corp purchased a new stake in **IHG**, causing uncertainty in the market.
🟢 Meridian Wealth Management LLC bought a new position in **InterContinental Hotels Group PLC**, signaling potential growth.
🟢 Orion Portfolio Solutions LLC decreased its holdings in **IHG**, indicating a possible market adjustment.
🔴 Quadrant Capital Group LLC decreased its stake in **IHG**, leading to concerns about the stock’s performance.
🔴 Short interest in **InterContinental Hotels Group PLC** dropped significantly in April, raising questions about investor sentiment.
InterContinental Hotels Group PLC stock has recently been the subject of various analyst ratings and investment activities, with mixed reactions from market participants. The reaffirmation of a hold rating by Jefferies Financial Group has provided some stability, while new investments from Meridian Wealth Management LLC have sparked optimism. However, the decrease in stake by Quadrant Capital Group LLC and the drop in short interest in April have raised concerns among investors.
The overall impact of these recent news developments on the price of **IHG** stock is uncertain. While positive ratings and new investments may contribute to a potential price increase in the short term, the decrease in stake and short interest could weigh on the stock’s performance. Investors will need to closely monitor market reactions to these news events to assess the future direction of **InterContinental Hotels Group PLC** stock.
IHG-InterContinental Hotels Group PLC Analyst Ratings
📉 Jefferies Financial Group reissued their hold rating on shares of InterContinental Hotels Group (LON:IHG) with a target price of GBX 84 ($1.07).
📉 King Luther Capital Management Corp purchased a new stake in IHG during the fourth quarter.
📉 Victory Capital Management Inc. decreased its holdings in shares of IHG by 57.8% in the 4th quarter.
Sources:
1. Marketbeat.com – Jefferies Financial Group
2. Marketbeat.com – King Luther Capital Management Corp
3. Marketbeat.com – Victory Capital Management Inc.
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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