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

InterContinental Hotels Group PLC (LON:IHG)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 8,675.72 ($116.72) and traded as high as GBX 8,954 ($120.46). InterContinental Hotels Group shares last traded at GBX 8,940 ($120.27), with a volume of 415,802 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on IHG. JPMorgan Chase & Co. upped their target price on InterContinental Hotels Group from GBX 8,300 to GBX 8,500 and gave the stock an “underweight” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 7,900 target price on shares of InterContinental Hotels Group in a research report on Monday, July 21st. Finally, Citigroup increased their price objective on InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the company a “sell” rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of GBX 6,098.75.

InterContinental Hotels Group Stock Down 1.3%

The business has a 50 day moving average of GBX 8,637.22 and a 200 day moving average of GBX 8,675.72. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The firm has a market capitalization of £17.68 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

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.