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

InterContinental Hotels Group PLC (NYSE:IHGGet Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IHG shares. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Morgan Stanley downgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a 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 report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Read Our Latest Report on IHG

InterContinental Hotels Group Price Performance

The stock’s 50 day moving average price is $125.08 and its two-hundred day moving average price is $112.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of InterContinental Hotels Group by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock valued at $1,337,000 after purchasing an additional 106 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in InterContinental Hotels Group by 6.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company’s stock valued at $6,179,000 after purchasing an additional 3,431 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in 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 buying an additional 4,087 shares during the last quarter. Moors & Cabot Inc. increased its position in InterContinental Hotels Group by 5.4% in the 2nd quarter. Moors & Cabot Inc. now owns 4,206 shares of the company’s stock worth $446,000 after buying an additional 214 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of InterContinental Hotels Group by 46.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 16,762 shares of the company’s stock worth $1,776,000 after buying an additional 5,354 shares during the last quarter. 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.

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