Intercontinental Hotels Group (NYSE:IHG) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Intercontinental Hotels Group (NYSE:IHG) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $128.04 and traded as high as $143.45. Intercontinental Hotels Group shares last traded at $142.8350, with a volume of 167,642 shares trading hands.

Analyst Ratings Changes

Several brokerages have weighed in on IHG. Wall Street Zen lowered shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research report on Thursday, January 22nd. Berenberg Bank raised Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Jefferies Financial Group upgraded Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Intercontinental Hotels Group Trading Down 0.1%

The stock’s fifty day simple moving average is $138.50 and its two-hundred day simple moving average is $128.04.

Hedge Funds Weigh In On Intercontinental Hotels Group

Large investors have recently bought and sold shares of the business. Stephens Inc. AR acquired a new position in Intercontinental Hotels Group in the fourth quarter valued at approximately $248,000. Independent Advisor Alliance lifted its holdings in shares of Intercontinental Hotels Group by 0.9% in the 4th quarter. Independent Advisor Alliance now owns 10,577 shares of the company’s stock worth $1,490,000 after purchasing an additional 91 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Intercontinental Hotels Group in the 4th quarter worth approximately $230,000. NewEdge Wealth LLC boosted its position in Intercontinental Hotels Group by 15.0% during the 4th quarter. NewEdge Wealth LLC now owns 4,774 shares of the company’s stock valued at $672,000 after purchasing an additional 623 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in Intercontinental Hotels Group by 19.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 17,081 shares of the company’s stock worth $2,405,000 after buying an additional 2,777 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

About Intercontinental Hotels Group

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.