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

InterContinental Hotels Group PLC (LON:IHG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 8,455.81 ($105.04) and traded as high as £100 ($124.22). InterContinental Hotels Group shares last traded at GBX 9,820 ($121.99), with a volume of 195,427 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group to a “buy” rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, InterContinental Hotels Group currently has an average rating of “Hold” and a consensus price target of GBX 5,471 ($67.96).

InterContinental Hotels Group Trading Down 2.1 %

The firm has a market capitalization of £15.56 billion, a P/E ratio of 3,328.81, a P/E/G ratio of 1.69 and a beta of 0.98. The business’s fifty day moving average is GBX 9,330.86 and its 200 day moving average is GBX 8,457.64.

Insider Activity

In other news, insider Daniela Barone Soares sold 328 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($106.88), for a total transaction of £28,221.12 ($35,057.29). Corporate insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Company Profile

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.