InterContinental Hotels Group (LON:IHG) Share Price Breaks Above 200 Day Moving Average – Here’s Why

InterContinental Hotels Group PLC (LON:IHG – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 155.89 and traded as high as GBX 166.80. InterContinental Hotels Group shares last traded at GBX 166.80, with a volume of 1,295,830 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 6,683.33.

Read Our Latest Research Report on InterContinental Hotels Group

InterContinental Hotels Group Stock Performance

The firm has a market cap of £250.54 million, a PE ratio of 0.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a 50 day simple moving average of GBX 158.51 and a 200-day simple moving average of GBX 155.99. The company has a debt-to-equity ratio of -152.48, a current ratio of 0.66 and a quick ratio of 1.34.

About InterContinental Hotels Group

(Get Free Report)

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.

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