InterContinental Hotels Group (LON:IHG) Shares Pass Above 200 Day Moving Average – Should You Sell?

InterContinental Hotels Group PLC (LON:IHG) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 8,902.94 and traded as high as £100.90. InterContinental Hotels Group shares last traded at £100.75, with a volume of 266,957 shares changing hands.

Analyst Upgrades and Downgrades

IHG has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a research report on Friday, October 24th. UBS Group restated a “buy” rating and set a GBX 9,450 target price on shares of InterContinental Hotels Group in a report on Friday, October 17th. JPMorgan Chase & Co. upgraded shares of InterContinental Hotels Group to an “overweight” rating and lifted their price target for the company from GBX 8,500 to £104 in a report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the company a “hold” rating in a research report on Thursday, September 11th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, InterContinental Hotels Group presently has an average rating of “Hold” and a consensus price target of GBX 7,199.

InterContinental Hotels Group Stock Up 1.8%

The stock’s 50-day moving average price is GBX 9,271.31 and its two-hundred day moving average price is GBX 8,902.94. The stock has a market capitalization of £15.21 billion, a PE ratio of 21.34, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

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.