Barclays upgraded shares of InterContinental Hotels Group (NYSE:IHG - Free Report) from an equal weight rating to an overweight rating in a research note released on Friday morning,Benzinga reports.
Separately, The Goldman Sachs Group raised InterContinental Hotels Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold".
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InterContinental Hotels Group Trading Up 0.3 %
IHG stock traded up $0.33 during midday trading on Friday, reaching $121.38. 96,626 shares of the stock were exchanged, compared to its average volume of 174,248. InterContinental Hotels Group has a 52 week low of $74.82 and a 52 week high of $122.78. The company has a fifty day moving average price of $111.25 and a 200 day moving average price of $104.81.
Institutional Investors Weigh In On InterContinental Hotels Group
Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in shares of InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company's stock worth $35,000 after acquiring an additional 106 shares during the period. Rothschild Investment LLC bought a new stake in shares of InterContinental Hotels Group in the 2nd quarter valued at $36,000. EverSource Wealth Advisors LLC increased its position in shares of InterContinental Hotels Group by 65.2% during the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company's stock worth $48,000 after buying an additional 191 shares during the period. Allspring Global Investments Holdings LLC bought a new position in InterContinental Hotels Group during the first quarter worth $48,000. Finally, Transcendent Capital Group LLC acquired a new position in InterContinental Hotels Group in the second quarter valued at $50,000. Institutional investors own 15.09% of the company's stock.
InterContinental Hotels Group Company Profile
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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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