InterContinental Hotels Group (LON:IHG) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• InterContinental Hotels Group (IHG) shares recently surpassed their 200-day moving average of GBX 8,780.12, trading at GBX 8,846.
• Equities analysts' ratings for IHG are mixed, with two analysts issuing a sell rating and others giving a hold and buy rating.
• The company's market capitalization stands at £17.73 billion with a P/E ratio of 29.03, indicating strong investor interest despite recent sell ratings.

InterContinental Hotels Group PLC (LON:IHG - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 8,780.12 ($117.81) and traded as high as GBX 8,872 ($119.04). InterContinental Hotels Group shares last traded at GBX 8,846 ($118.69), with a volume of 206,643 shares.

Analysts Set New Price Targets

IHG has been the subject of several recent research reports. Citigroup increased their price target on shares of InterContinental Hotels Group from GBX 7,800 to GBX 7,900 and gave the stock a "sell" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price target on shares of InterContinental Hotels Group from GBX 8,300 to GBX 8,500 and gave the stock an "underweight" rating in a research report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 7,900 price target on shares of InterContinental Hotels Group in a research report on Monday, July 21st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of GBX 6,098.75.

InterContinental Hotels Group Trading Down 1.1%

The company has a market cap of £17.66 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company's fifty day moving average price is GBX 8,611.39 and its two-hundred day moving average price is GBX 8,728.78. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30.

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.