InterContinental Hotels Group (NYSE:IHG) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) shares crossed 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 traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IHG. Morgan Stanley downgraded InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 8th. Barclays upgraded InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research report 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 assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

InterContinental Hotels Group Trading Up 0.6 %

The company's fifty day moving average is $125.08 and its two-hundred day moving average is $112.34.

Institutional Investors Weigh In On InterContinental Hotels Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased 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 buying an additional 351,723 shares during the last quarter. JPMorgan Chase & Co. raised its stake in InterContinental Hotels Group by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company's stock valued at $35,388,000 after buying an additional 73,361 shares in the last quarter. World Investment Advisors LLC bought a new position in InterContinental Hotels Group during the 3rd quarter worth approximately $86,000. Envestnet Asset Management Inc. grew its position in shares of InterContinental Hotels Group by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company's stock worth $6,179,000 after acquiring an additional 3,431 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of InterContinental Hotels Group by 8.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 50,094 shares of the company's stock valued at $5,307,000 after acquiring an additional 4,087 shares during 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.