InterContinental Hotels Group (LON:IHG) Share Price Crosses Above 200-Day Moving Average – What’s Next?

InterContinental Hotels Group PLC (LON:IHG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 8,978.16 and traded as high as GBX 9,938. InterContinental Hotels Group shares last traded at GBX 9,828, with a volume of 42,969,473 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the company a “hold” rating in a research report on Thursday, September 11th. UBS Group reissued a “buy” rating and issued a GBX 9,450 price target on shares of InterContinental Hotels Group in a research note on Friday, October 17th. JPMorgan Chase & Co. increased their target price on InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Citigroup boosted their target price on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the company a “sell” rating in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, InterContinental Hotels Group has an average rating of “Hold” and a consensus price target of GBX 7,499.

InterContinental Hotels Group Stock Performance

The business’s 50 day simple moving average is GBX 9,504.09 and its two-hundred day simple moving average is GBX 8,978.16. The firm has a market capitalization of £14.75 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company has a current ratio of 0.85, a quick ratio of 1.35 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.