InterContinental Hotels Group (NYSE:IHG) Sees Large Volume Increase - Should You Buy?

Shares of InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 300,068 shares were traded during trading, an increase of 99% from the previous session's volume of 150,571 shares.The stock last traded at $127.47 and had previously closed at $129.54.

Wall Street Analyst Weigh In

IHG has been the subject of several research reports. Barclays upgraded InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research note on Friday, November 15th. Morgan Stanley downgraded InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 8th. Citigroup initiated coverage on InterContinental Hotels Group in a research note on Monday. They set a "sell" rating for the company. Finally, Sanford C. Bernstein upgraded InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, InterContinental Hotels Group currently has a consensus rating of "Hold".

InterContinental Hotels Group Trading Down 0.1 %

The business has a fifty day moving average of $128.67 and a 200-day moving average of $117.78. The firm has a market cap of $19.67 billion, a PE ratio of 22.00, a PEG ratio of 1.69 and a beta of 1.32.

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Institutional Trading of InterContinental Hotels Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. purchased a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at about $25,000. Farther Finance Advisors LLC raised its holdings in shares of InterContinental Hotels Group by 67.3% in the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at about $42,000. Smartleaf Asset Management LLC raised its holdings in shares of InterContinental Hotels Group by 419.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock valued at $72,000 after acquiring an additional 461 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of InterContinental Hotels Group during the 4th quarter valued at about $72,000. 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.