Fidelity Management & Research Co has recently announced that it has increased stake in InterContinental Hotels Group PLC (NYSE:IHG) by 0.97%. After grabbing 3.03 million shares, the institutional investor is now in possession of 29143.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 1.73% having worth around $178.14 million. Moreover, FIAM LLC increased its share by 31720.0 to have a control over 0.56 million shares. And Goldman Sachs Asset Management LP raised its holdings to 0.14 million shares by acquiring 0.53 million shares or 0.30% of the stake.
InterContinental Hotels Group PLC (IHG) concluded trading on 01/11/23 at a closing price of $65.52, with 0.39 million shares of worth about $25.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.31% during that period and on Wednesday the price saw a gain of about 1.25%. Currently the company’s common shares owned by public are about 184.00M shares, out of which, 168.55M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the IHG stock and their offered price forecasts bring an average price target of $65.89. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $77.41 and could fall to a lowest price of $60.37. The stock’s current price level is 5.04% above of average price target set by the analysts, while a rise to estimated low would result in loss of -8.53% for the stock. However, touching the estimated high of $77.41 would mean a gain of 15.36% for the stock.
Fidelity Inv. Trust – Series Inte, Fidelity Inv. Trust – Internation, and Fidelity International Growth Mul are the top 3 mutual funds which are holding stakes in InterContinental Hotels Group PLC Fidelity Inv. Trust – Series Inte is currently holding 2.02 million shares of worth totaling $118.97 million. The company recently came selling 8800.0 shares which brought its stake up to 1.15% of the company’s outstanding shares. Fidelity International Growth Mul, after buying 0.23 million shares, have now control over 0.13% of the stake in the company. It holds 3400.0 shares of worth $13.65 million.
InterContinental Hotels Group PLC (NYSE: IHG) started trading at $64.44, below -$0.27 from concluding price of the previous day. However, the stock later moved at a day high price of 65.52, or with a gain of 1.25%. Stock saw a price change of 8.57% in past 5 days and over the past one month there was a price change of 5.30%. Year-to-date (YTD), IHG shares are showing a performance of 12.31% which decreased to -2.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.06 but also hit the highest price of $71.71 during that period. The average intraday trading volume for InterContinental Hotels Group PLC shares is 123.33K. The stock is currently trading 9.00% above its 20-day simple moving average (SMA20), while that difference is up 12.40% for SMA50 and it goes to 12.23% higher than SMA200.
Fidelity Management & Research Co acquired 3.03 million shares of InterContinental Hotels Group PLC having value of about $178.14 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 29143.0 shares in the company valued at close to $1909449.36, or have control over 0.97% stake in the company. InterContinental Hotels Group PLC (NYSE: IHG) currently have 184.00M outstanding shares and institutions hold larger chunk of about 4.80% of that. Holding of mutual funds in the company is about 1.92% while other institutional holders and individual stake holders have control over 2.75% and — of the stake respectively.
The stock has a current market capitalization of $10.83B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 27.86, while it has posted earnings per share of $2.35 in the same period. Its PEG reads 0.85 and has Quick Ratio of 1.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IHG, volatility over the week remained 2.10% while standing at 1.74% over the month.
Analysts are in expectations that InterContinental Hotels Group PLC (IHG) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 201.20%. EPS is likely to grow at an annualized rate of 32.60% for next 5-years, compared to annual growth of -8.40% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the InterContinental Hotels Group PLC (IHG)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 18 Wall Street analysts, 8 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Stock get a Buy rating from Societe Generale on August 30, 2021.