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

InterContinental Hotels Group PLC (LON:IHG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8,374 ($105.37) and traded as high as £100.60 ($126.59). InterContinental Hotels Group shares last traded at £100.05 ($125.90), with a volume of 39,945 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group to a “buy” rating in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, InterContinental Hotels Group currently has an average rating of “Hold” and a consensus price target of GBX 5,471 ($68.84).

InterContinental Hotels Group Stock Performance

The company has a market cap of £15.79 billion, a price-to-earnings ratio of 3,376.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company’s 50 day moving average price is GBX 9,167.28 and its 200 day moving average price is GBX 8,374.

Insiders Place Their Bets

In related news, insider Daniela Barone Soares sold 328 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($108.27), for a total value of £28,221.12 ($35,511.66). Company insiders own 5.99% of the company’s stock.

InterContinental Hotels Group Company Profile

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.