InterContinental Hotels Group (LON:IHG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

InterContinental Hotels Group PLC (LON:IHG) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 149.55 and traded as high as GBX 161.25. InterContinental Hotels Group shares last traded at GBX 159.70, with a volume of 250,933 shares traded.

Wall Street Analysts Forecast Growth

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

InterContinental Hotels Group Stock Down 1.2%

The company’s fifty day moving average price is GBX 163.02 and its 200-day moving average price is GBX 149.74. The stock has a market cap of £236.27 million, a P/E ratio of 0.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a debt-to-equity ratio of -152.48, a quick ratio of 1.34 and a current ratio of 0.66.

About InterContinental Hotels Group

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.