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

InterContinental Hotels Group PLC (LON:IHG)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 8,087.87 ($102.64) and traded as high as GBX 9,554 ($121.24). InterContinental Hotels Group shares last traded at GBX 9,487.17 ($120.40), with a volume of 564,504 shares.

Analyst Upgrades and Downgrades

IHG has been the subject of a number of research reports. The Goldman Sachs Group raised shares of InterContinental Hotels Group to a “buy” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 8,300 ($105.33) target price on shares of InterContinental Hotels Group in a report on Thursday, August 1st. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,400 ($93.91) target price on shares of InterContinental Hotels Group in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 5,471 ($69.43).

InterContinental Hotels Group Price Performance

The stock’s fifty day moving average is GBX 8,473.32 and its 200-day moving average is GBX 8,087.87. The stock has a market cap of £15.06 billion, a PE ratio of 3,215.99, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Insider Activity at InterContinental Hotels Group

In related news, insider Daniela Barone Soares sold 328 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($109.19), for a total value of £28,221.12 ($35,813.60). 5.99% of the stock is currently owned by insiders.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.