InterContinental Hotels Group (LON:IHG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

InterContinental Hotels Group PLC (LON:IHG) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 9,125.16 and traded as high as £106.45. InterContinental Hotels Group shares last traded at £105.10, with a volume of 45,995 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on IHG. JPMorgan Chase & Co. lifted their price target on InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft raised 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. UBS Group reiterated a “buy” rating and issued a GBX 9,450 price target on shares of InterContinental Hotels Group in a research report on Friday, October 17th. Finally, Citigroup upped their price target on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the company a “sell” rating in a report on Friday, October 24th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 7,499.

InterContinental Hotels Group Stock Down 0.1%

The stock has a fifty day moving average of GBX 9,815.83 and a 200-day moving average of GBX 9,125.16. The firm has a market capitalization of £15.79 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.69 and a beta of 0.98. The company has a current ratio of 0.85, a quick ratio of 1.35 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.