InterContinental Hotels Group (LON:IHG) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of InterContinental Hotels Group PLC (LON:IHG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 146.65 and traded as high as GBX 154.90. InterContinental Hotels Group shares last traded at GBX 152.50, with a volume of 38,671,387 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IHG. Jefferies Financial Group reissued a “buy” rating on shares of InterContinental Hotels Group in a report on Friday, June 26th. UBS Group reiterated a “neutral” rating and issued a GBX 150 target price on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, InterContinental Hotels Group currently has an average rating of “Hold” and a consensus price target of GBX 7,025.

InterContinental Hotels Group Trading Down 0.6%

The firm’s 50-day moving average is GBX 161.85 and its 200 day moving average is GBX 146.65. The company has a current ratio of 0.97, a quick ratio of 1.34 and a debt-to-equity ratio of -181.87. The firm has a market capitalization of £225.48 million, a price-to-earnings ratio of 0.31, a P/E/G ratio of 1.69 and a beta of 1.03.

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.