InterContinental Hotels Group (NYSE:IHG) Sees Strong Trading Volume - Time to Buy?

InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 67,073 shares were traded during trading, a decline of 20% from the previous session's volume of 83,439 shares.The stock last traded at $123.84 and had previously closed at $121.83.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays upgraded InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research report on Friday, November 15th. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a "neutral" rating to a "buy" rating in a report on Wednesday, September 18th. Morgan Stanley downgraded shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday. Finally, Sanford C. Bernstein raised shares of InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, InterContinental Hotels Group currently has a consensus rating of "Hold".

InterContinental Hotels Group Stock Up 0.8 %

The company has a 50-day moving average of $124.07 and a 200 day moving average of $111.56. The stock has a market capitalization of $19.46 billion, a PE ratio of 24.46, a PEG ratio of 1.88 and a beta of 1.32.

Institutional Investors Weigh In On InterContinental Hotels Group

A number of large investors have recently modified their holdings of IHG. Assetmark Inc. boosted its position in InterContinental Hotels Group by 130.9% during the third quarter. Assetmark Inc. now owns 769 shares of the company's stock worth $85,000 after acquiring an additional 436 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of InterContinental Hotels Group during the 3rd quarter worth approximately $86,000. Transamerica Financial Advisors Inc. grew its position in shares of InterContinental Hotels Group by 100,100.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company's stock valued at $111,000 after purchasing an additional 1,001 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in shares of InterContinental Hotels Group by 73.0% in the second quarter. AdvisorShares Investments LLC now owns 1,583 shares of the company's stock valued at $164,000 after purchasing an additional 668 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in InterContinental Hotels Group by 40.7% during the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the company's stock worth $182,000 after buying an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 15.09% of the company's stock.

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 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.