InterContinental Hotels Group (LON:IHG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

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 146.65 and traded as high as GBX 154.90. InterContinental Hotels Group shares last traded at GBX 152.50, with a volume of 38,671,387 shares changing hands.

Analyst Ratings Changes

IHG has been the topic of several research reports. UBS Group restated a “neutral” rating and issued a GBX 150 price target 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 research report on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 7,025.

InterContinental Hotels Group Stock Performance

The company has a current ratio of 0.97, a quick ratio of 1.34 and a debt-to-equity ratio of -181.87. The firm has a market capitalization of £228.71 million, a price-to-earnings ratio of 0.32, a PEG ratio of 1.69 and a beta of 1.03. The stock’s 50-day moving average is GBX 161.96 and its 200-day moving average is GBX 146.71.

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.