InterContinental Hotels Group (LON:IHG) Stock Price Crosses Above 200-Day Moving Average of $4,862.52

InterContinental Hotels Group PLC (LON:IHGGet Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,862.52 ($59.58) and traded as high as GBX 4,905 ($60.10). InterContinental Hotels Group shares last traded at GBX 4,871 ($59.69), with a volume of 150,624 shares trading hands.

Wall Street Analysts Forecast Growth

IHG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 5,700 ($69.84) price objective on shares of InterContinental Hotels Group in a research note on Monday, May 9th. Barclays dropped their price target on InterContinental Hotels Group from GBX 5,700 ($69.84) to GBX 5,400 ($66.17) and set an “overweight” rating for the company in a research report on Thursday, June 30th. Morgan Stanley reissued an “equal weight” rating on shares of InterContinental Hotels Group in a research report on Wednesday, May 11th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of InterContinental Hotels Group in a research report on Tuesday, May 17th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 5,700 ($69.84) price target on shares of InterContinental Hotels Group in a research report on Monday, June 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, InterContinental Hotels Group has a consensus rating of “Moderate Buy” and an average target price of GBX 5,600 ($68.62).

InterContinental Hotels Group Price Performance

The firm has a market cap of £8.96 billion and a PE ratio of 4,025.62. The stock has a 50-day moving average price of GBX 4,616.26 and a 200 day moving average price of GBX 4,862.52.

About InterContinental Hotels Group

(Get Rating)

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.

Further Reading

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