InterContinental Hotels Group (LON:IHG) Stock Crosses Below 200 Day Moving Average – Here’s Why

InterContinental Hotels Group PLC (LON:IHG)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 508.81 and traded as low as GBX 156.50. InterContinental Hotels Group shares last traded at GBX 160.35, with a volume of 368,074 shares.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note on Friday, June 26th. UBS Group restated a “neutral” rating and set a GBX 150 target price on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, InterContinental Hotels Group has an average rating of “Hold” and an average price target of GBX 7,025.

InterContinental Hotels Group Trading Up 1.8%

The business has a 50-day moving average price of GBX 161.02 and a two-hundred day moving average price of GBX 508.81. The stock has a market capitalization of £237.09 million, a P/E ratio of 0.33, a P/E/G ratio of 1.69 and a beta of 1.03. The company has a current ratio of 0.97, a quick ratio of 1.34 and a debt-to-equity ratio of -181.87.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.