InterContinental Hotels Group PLC (NYSE:IHG – Get Rating) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $51.20 and last traded at $51.29, with a volume of 414 shares traded. The stock had previously closed at $53.28.
Wall Street Analysts Forecast Growth
A number of research firms have commented on IHG. JPMorgan Chase & Co. lowered shares of InterContinental Hotels Group from an “overweight” rating to a “neutral” rating in a report on Thursday, August 25th. StockNews.com raised shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. Finally, Citigroup cut shares of InterContinental Hotels Group from a “neutral” rating to a “sell” rating in a research report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5,535.00.
InterContinental Hotels Group Stock Down 2.8 %
The stock’s 50 day moving average is $57.83 and its 200 day moving average is $60.66.
InterContinental Hotels Group Cuts Dividend
Institutional Trading of InterContinental Hotels Group
A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in InterContinental Hotels Group in the 2nd quarter valued at about $2,241,000. Renaissance Technologies LLC lifted its holdings in shares of InterContinental Hotels Group by 285.9% during the 2nd quarter. Renaissance Technologies LLC now owns 27,400 shares of the company’s stock worth $1,481,000 after acquiring an additional 20,300 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in InterContinental Hotels Group by 21.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,324 shares of the company’s stock valued at $396,000 after purchasing an additional 1,281 shares during the last quarter. FMR LLC lifted its stake in InterContinental Hotels Group by 22.3% in the 2nd quarter. FMR LLC now owns 3,693,785 shares of the company’s stock valued at $199,649,000 after purchasing an additional 674,404 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in InterContinental Hotels Group by 265.1% in the 2nd quarter. Toronto Dominion Bank now owns 5,622 shares of the company’s stock valued at $305,000 after purchasing an additional 4,082 shares during the last quarter. Institutional investors own 4.74% of the company’s stock.
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, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.
- Get a free copy of the StockNews.com research report on InterContinental Hotels Group (IHG)
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