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

Shares of InterContinental Hotels Group PLC (LON:IHG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 8,516.93 ($104.25) and traded as high as £100.45 ($122.95). InterContinental Hotels Group shares last traded at £100.35 ($122.83), with a volume of 401,903 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 5,471 ($66.96).

InterContinental Hotels Group Stock Down 0.3 %

The firm has a market cap of £15.91 billion, a price-to-earnings ratio of 3,403.39, a PEG ratio of 1.69 and a beta of 0.98. The company’s fifty day moving average is GBX 9,522.69 and its 200 day moving average is GBX 8,540.17.

Insiders Place Their Bets

In other news, insider Daniela Barone Soares sold 328 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($105.31), for a total value of £28,221.12 ($34,542.37). Insiders own 5.99% of the company’s stock.

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.