InterContinental Hotels Group (LON:IHG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of InterContinental Hotels Group PLC (LON:IHG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 148.63 and traded as high as GBX 158.30. InterContinental Hotels Group shares last traded at GBX 157.72, with a volume of 359,948 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on IHG. UBS Group reissued a “neutral” rating and set a GBX 150 target price on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note on Friday, June 26th. Three equities 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, the company has a consensus rating of “Hold” and an average price target of GBX 7,025.

InterContinental Hotels Group Trading Down 0.8%

The company’s fifty day moving average is GBX 163.30 and its 200-day moving average is GBX 148.77. 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 £228.44 million, a P/E ratio of 0.32, 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.