InterContinental Hotels Group (LON:IHG) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• InterContinental Hotels Group's share price has surpassed its 200-day moving average of GBX 8,581.09, reaching a high of GBX 9,142 during recent trading.
• Multiple analysts have provided mixed ratings on the stock, with one analyst issuing a Buy rating, while others have assigned Sell and Hold ratings, resulting in an average target price of GBX 6,098.75.
• The company currently holds a market capitalization of £13.76 billion and maintains a debt-to-equity ratio of -162.30, indicating a strong liquidity position.

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 8,581.09 ($117.13) and traded as high as GBX 9,142 ($124.79). InterContinental Hotels Group shares last traded at GBX 9,032 ($123.29), with a volume of 270,930 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IHG. Deutsche Bank Aktiengesellschaft increased their target price on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the stock a "hold" rating in a research note on Thursday, September 11th. Citigroup lifted their target price on InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the company a "sell" rating in a research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on InterContinental Hotels Group from GBX 8,300 to GBX 8,500 and gave the stock an "underweight" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, InterContinental Hotels Group has an average rating of "Reduce" and a consensus price target of GBX 6,136.25.

InterContinental Hotels Group Stock Performance

The stock has a 50 day moving average of GBX 8,816.10 and a two-hundred day moving average of GBX 8,546.35. The stock has a market capitalization of £13.27 billion, a PE ratio of 1,844.75, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35.

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.