InterContinental Hotels Group (NYSE:IHG) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

InterContinental Hotels Group PLC (NYSE:IHG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $111.09 and traded as high as $123.44. InterContinental Hotels Group shares last traded at $122.74, with a volume of 104,988 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

InterContinental Hotels Group Trading Down 0.9 %

The firm has a market capitalization of $19.46 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.88 and a beta of 1.33. The business has a 50-day moving average price of $123.31 and a two-hundred day moving average price of $111.09.

Institutional Investors Weigh In On InterContinental Hotels Group

A number of hedge funds have recently added to or reduced their stakes in IHG. Rothschild Investment LLC acquired a new stake in shares of InterContinental Hotels Group in the 2nd quarter worth about $36,000. Assetmark Inc. increased its stake in shares of InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock valued at $85,000 after purchasing an additional 436 shares during the period. World Investment Advisors LLC bought a new stake in shares of InterContinental Hotels Group during the third quarter valued at approximately $86,000. Transamerica Financial Advisors Inc. boosted its position in shares of InterContinental Hotels Group by 100,100.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock worth $111,000 after buying an additional 1,001 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in InterContinental Hotels Group by 226.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,477 shares of the company’s stock worth $156,000 after buying an additional 1,025 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors.

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.