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

Shares of InterContinental Hotels Group PLC (LON:IHG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 150.57 and traded as high as GBX 165.97. InterContinental Hotels Group shares last traded at GBX 164.40, with a volume of 296,452 shares traded.

Wall Street Analysts Forecast Growth

IHG has been the subject of a number of recent analyst reports. UBS Group reissued a “neutral” rating and set a GBX 150 target price on shares of InterContinental Hotels Group in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a report on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, InterContinental Hotels Group currently has a consensus rating of “Hold” and an average target price of GBX 7,025.

InterContinental Hotels Group Stock Down 0.2%

The stock has a market cap of £240.49 million, a PE ratio of 0.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The business has a fifty day moving average of GBX 162.39 and a 200-day moving average of GBX 150.73. 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

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.