InterContinental Hotels Group (LON:IHG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of InterContinental Hotels Group PLC (LON:IHG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 8,542.86 ($115.16) and traded as high as GBX 9,226 ($124.37). InterContinental Hotels Group shares last traded at GBX 9,166 ($123.56), with a volume of 218,614 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup raised their target price on shares of InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the company a “sell” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. upgraded InterContinental Hotels Group to an “overweight” rating and lifted their price objective for the stock from GBX 8,500 to £104 in a research note on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the company a “hold” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 6,611.25.

InterContinental Hotels Group Stock Up 0.3%

The business has a fifty day simple moving average of GBX 8,881.99 and a two-hundred day simple moving average of GBX 8,542.86. The company has a market capitalization of £13.92 billion, a price-to-earnings ratio of 1,947.47, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30.

About InterContinental Hotels Group

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.