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

InterContinental Hotels Group PLC (LON:IHG)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 9,087.41 ($115.48) and traded as high as £100.10 ($127.21). InterContinental Hotels Group shares last traded at GBX 9,932 ($126.22), with a volume of 840,400 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on IHG shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 7,800 ($99.12) price objective on shares of InterContinental Hotels Group in a report on Thursday, February 20th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 95 ($1.21) target price on shares of InterContinental Hotels Group in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 5,898.75 ($74.96).

InterContinental Hotels Group Stock Up 0.0 %

The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The company has a fifty day moving average price of £100.45 and a 200-day moving average price of GBX 9,087.41. The stock has a market capitalization of £19.91 billion, a P/E ratio of 32.60, a PEG ratio of 1.69 and a beta of 0.98.

Insider Transactions at InterContinental Hotels Group

In other news, insider Byron Elmer Grote bought 400 shares of InterContinental Hotels Group stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of £127.25 ($161.71) per share, with a total value of £50,900 ($64,684.20). Insiders own 5.99% of the company’s stock.

About InterContinental Hotels Group

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.