InterContinental Hotels Group (LON:IHG) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

InterContinental Hotels Group PLC (LON:IHG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,155.13 and traded as low as GBX 128.95. InterContinental Hotels Group shares last traded at GBX 133.51, with a volume of 81,290,766 shares.

Wall Street Analyst Weigh In

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

InterContinental Hotels Group Stock Down 1.5%

The firm has a market capitalization of £198.61 million, a P/E ratio of 0.27, a PEG ratio of 1.69 and a beta of 1.07. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.35 and a current ratio of 0.97. The business’s fifty day moving average price is GBX 136.23 and its two-hundred day moving average price is GBX 5,155.13.

Insider Buying and Selling at InterContinental Hotels Group

In other news, insider Nicholas Cadbury purchased 700 shares of the stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of £134.34 per share, for a total transaction of £94,038. Corporate insiders own 3.38% 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.