InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $133.36 and last traded at $133.36, with a volume of 28089 shares traded. The stock had previously closed at $131.15.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Morgan Stanley downgraded InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 8th. Barclays raised InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein upgraded InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".
Read Our Latest Analysis on IHG
InterContinental Hotels Group Price Performance
The stock's 50-day moving average is $126.81 and its 200 day moving average is $113.98.
Institutional Trading of InterContinental Hotels Group
Large investors have recently bought and sold shares of the business. FMR LLC boosted its position in shares of InterContinental Hotels Group by 5.8% during the third quarter. FMR LLC now owns 6,387,525 shares of the company's stock worth $705,758,000 after buying an additional 351,723 shares during the period. ABC Arbitrage SA bought a new stake in InterContinental Hotels Group in the 4th quarter valued at approximately $11,846,000. World Investment Advisors LLC acquired a new position in InterContinental Hotels Group during the 3rd quarter worth approximately $86,000. JPMorgan Chase & Co. grew its stake in shares of InterContinental Hotels Group by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company's stock worth $35,388,000 after acquiring an additional 73,361 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of InterContinental Hotels Group in the third quarter valued at approximately $1,699,000. 15.09% of the stock is owned by institutional investors.
InterContinental Hotels Group Company Profile
(
Get Free Report)
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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.
Further Reading
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