InterContinental Hotels Group (LON:IHG) Stock Crosses Above 200 Day Moving Average – Should You Sell?

InterContinental Hotels Group PLC (LON:IHG) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 8,854.42 and traded as high as GBX 9,760. InterContinental Hotels Group shares last traded at GBX 9,634, with a volume of 294,447 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the stock a “hold” rating in a report on Thursday, September 11th. UBS Group restated a “buy” rating and issued a GBX 9,450 target price on shares of InterContinental Hotels Group in a research note on Friday, October 17th. JPMorgan Chase & Co. raised InterContinental Hotels Group to an “overweight” rating and raised their price target for the company from GBX 8,500 to £104 in a report on Friday, September 26th. Finally, Citigroup lifted their price target on InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the company a “sell” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, InterContinental Hotels Group presently has a consensus rating of “Hold” and a consensus price target of GBX 7,199.

InterContinental Hotels Group Stock Up 0.1%

The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. The stock’s 50-day moving average price is GBX 9,193.83 and its two-hundred day moving average price is GBX 8,866.27. The stock has a market capitalization of £14.39 billion, a PE ratio of 20.19, a P/E/G ratio of 1.69 and a beta of 0.98.

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.