InterContinental Hotels Group (NYSE:IHG) Stock Crosses Above 200-Day Moving Average – Time to Sell?

InterContinental Hotels Group PLC (NYSE:IHGGet Free Report) shares 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 trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on IHG shares. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on InterContinental Hotels Group

InterContinental Hotels Group Stock Performance

The firm’s 50-day simple moving average is $125.08 and its 200-day simple moving average is $112.34.

Institutional Investors Weigh In On InterContinental Hotels Group

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in InterContinental Hotels Group by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock valued at $35,388,000 after purchasing an additional 73,361 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of InterContinental Hotels Group by 133.3% in the second quarter. Hsbc Holdings PLC now owns 11,433 shares of the company’s stock worth $1,212,000 after buying an additional 6,533 shares during the period. World Investment Advisors LLC purchased a new stake in InterContinental Hotels Group during the 3rd quarter valued at $86,000. Jane Street Group LLC grew its holdings in InterContinental Hotels Group by 120.2% in the 3rd quarter. Jane Street Group LLC now owns 4,269 shares of the company’s stock worth $472,000 after acquiring an additional 2,330 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of InterContinental Hotels Group by 6.7% in the third quarter. Stifel Financial Corp now owns 17,581 shares of the company’s stock valued at $1,943,000 after acquiring an additional 1,107 shares during the period. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

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.

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