InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $112.18 and traded as high as $127.86. InterContinental Hotels Group shares last traded at $126.77, with a volume of 159,453 shares.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on IHG. Sanford C. Bernstein upgraded InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. Barclays raised InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research report on Friday, November 15th. Finally, Morgan Stanley cut InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 8th. 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 company. According to MarketBeat, the company currently has a consensus rating of "Hold".
View Our Latest Analysis on IHG
InterContinental Hotels Group Trading Up 0.6 %
The stock has a 50 day moving average price of $125.08 and a two-hundred day moving average price of $112.34.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in shares of InterContinental Hotels Group by 5.8% in the third quarter. FMR LLC now owns 6,387,525 shares of the company's stock worth $705,758,000 after purchasing an additional 351,723 shares during the last quarter. World Investment Advisors LLC acquired a new position in InterContinental Hotels Group in the 3rd quarter worth approximately $86,000. JPMorgan Chase & Co. raised its position in 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 buying an additional 73,361 shares during the last quarter. Bank of Montreal Can acquired a new stake in InterContinental Hotels Group during the 2nd quarter valued at approximately $3,892,000. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of InterContinental Hotels Group in the 3rd quarter valued at $1,699,000. Institutional investors and hedge funds own 15.09% of the company's stock.
About InterContinental Hotels Group
(
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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