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

Shares of InterContinental Hotels Group PLC (LON:IHG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,755.73 and traded as low as GBX 140.35. InterContinental Hotels Group shares last traded at GBX 142.39, with a volume of 293,020 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on IHG shares. Berenberg Bank restated a “buy” rating on shares of InterContinental Hotels Group in a research note on Monday, January 19th. Jefferies Financial Group restated a “buy” rating on shares of InterContinental Hotels Group in a research note on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, InterContinental Hotels Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 9,350.

InterContinental Hotels Group Price Performance

The firm’s 50-day moving average is GBX 136.65 and its 200-day moving average is GBX 4,755.73. The company has a debt-to-equity ratio of -181.87, a current ratio of 0.97 and a quick ratio of 1.35. The company has a market capitalization of £212.52 million, a P/E ratio of 0.29, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02.

Insider Buying and Selling

In related news, insider Nicholas Cadbury bought 700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average cost of £134.34 per share, with a total value of £94,038. Corporate insiders own 2.73% of the company’s stock.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

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.