InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as $136.89 and last traded at $136.56, with a volume of 32700 shares trading hands. The stock had previously closed at $136.44.
Wall Street Analysts Forecast Growth
IHG has been the topic of a number of recent research reports. Morgan Stanley lowered InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 8th. Sanford C. Bernstein upgraded InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. Finally, Barclays upgraded InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold".
View Our Latest Stock Analysis on InterContinental Hotels Group
InterContinental Hotels Group Stock Down 0.7 %
The stock has a fifty day simple moving average of $128.13 and a two-hundred day simple moving average of $115.45.
Institutional Investors Weigh In On InterContinental Hotels Group
Hedge funds have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. acquired a new stake in InterContinental Hotels Group in the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its stake in InterContinental Hotels Group by 67.3% in the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares during the period. SBI Securities Co. Ltd. acquired a new stake in InterContinental Hotels Group in the fourth quarter valued at approximately $42,000. Venturi Wealth Management LLC acquired a new stake in InterContinental Hotels Group in the fourth quarter valued at approximately $72,000. Finally, Smartleaf Asset Management LLC grew its stake in InterContinental Hotels Group by 419.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock valued at $72,000 after acquiring an additional 461 shares during the period. 15.09% of the stock is currently owned by institutional investors.
About InterContinental Hotels Group
(
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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.
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