InterContinental Hotels Group (LON:IHG) Share Price Crosses Above 200-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)'s share price 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 ($116.15) and traded as high as GBX 9,142 ($123.74). InterContinental Hotels Group shares last traded at GBX 9,032 ($122.25), with a volume of 270,930 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of InterContinental Hotels Group from GBX 8,300 to GBX 8,500 and gave the company an "underweight" rating in a research note on Friday, August 8th. Citigroup boosted their price target on shares of InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the company a "sell" rating in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 7,900 price target on shares of InterContinental Hotels Group in a research report on Monday, July 21st. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of GBX 6,098.75.

InterContinental Hotels Group Price Performance

The firm's 50-day moving average is GBX 8,802.76 and its 200-day moving average is GBX 8,581.09. The company has a market capitalization of £13.76 billion, a PE ratio of 1,913.15, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company has a quick ratio of 1.35, a current ratio of 0.85 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.

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