InterContinental Hotels Group (NYSE:IHG) Sets New 1-Year High – Still a Buy?

InterContinental Hotels Group PLC (NYSE:IHG)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $126.94 and last traded at $126.62, with a volume of 4885 shares trading hands. The stock had previously closed at $125.70.

Analyst Ratings Changes

IHG has been the subject of a number of recent analyst reports. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Up 0.2 %

The firm has a fifty day moving average of $114.21 and a 200 day moving average of $106.06.

Institutional Investors Weigh In On InterContinental Hotels Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after purchasing an additional 106 shares during the period. Rothschild Investment LLC acquired a new stake in InterContinental Hotels Group in the second quarter valued at $36,000. EverSource Wealth Advisors LLC raised its stake in shares of InterContinental Hotels Group by 65.2% during the 1st 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 last quarter. Transcendent Capital Group LLC acquired a new stake in InterContinental Hotels Group during the 2nd quarter valued at $50,000. Finally, Assetmark Inc. grew its stake in InterContinental Hotels Group by 130.9% in the 3rd quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after acquiring an additional 436 shares during the period. 15.09% of the stock is owned by hedge funds and other 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.