InterContinental Hotels Group (LON:IHG) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

InterContinental Hotels Group PLC (LON:IHG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8,540.03 ($115.75) and traded as high as GBX 8,736 ($118.41). InterContinental Hotels Group shares last traded at GBX 8,696 ($117.86), with a volume of 284,717 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IHG shares. Deutsche Bank Aktiengesellschaft lifted their target price on InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the stock a “hold” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. boosted their price target on InterContinental Hotels Group from GBX 8,300 to GBX 8,500 and gave the stock an “underweight” rating in a report on Friday, August 8th. Finally, Citigroup upped their target price on InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the stock a “sell” rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of GBX 6,136.25.

InterContinental Hotels Group Stock Performance

The company has a market capitalization of £13.25 billion, a PE ratio of 1,841.98, a PEG ratio of 1.69 and a beta of 0.98. The company has a 50-day moving average price of GBX 8,813.30 and a two-hundred day moving average price of GBX 8,540.03. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30.

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.