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

InterContinental Hotels Group PLC (LON:IHG) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 154.68 and traded as high as GBX 160.65. InterContinental Hotels Group shares last traded at GBX 160.19, with a volume of 148,483 shares changing hands.

Analyst Upgrades and Downgrades

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

InterContinental Hotels Group Stock Performance

The stock’s 50 day moving average price is GBX 158.30 and its two-hundred day moving average price is GBX 154.88. The firm has a market capitalization of £234.61 million, a PE ratio of 0.33, a PEG ratio of 1.69 and a beta of 1.02. The company has a current ratio of 0.66, a quick ratio of 1.34 and a debt-to-equity ratio of -152.48.

About InterContinental Hotels Group

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.