InterContinental Hotels Group (LON:IHG) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

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 crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8,780.12 ($118.14) and traded as high as GBX 8,872 ($119.38). InterContinental Hotels Group shares last traded at GBX 8,846 ($119.03), with a volume of 206,643 shares traded.

Wall Street Analyst Weigh In

IHG has been the topic of several research analyst reports. Citigroup boosted their target price 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. 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. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 7,900 price objective on shares of InterContinental Hotels Group in a research note on Monday, July 21st. One research 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 presently has a consensus rating of "Reduce" and a consensus target price of GBX 6,098.75.

InterContinental Hotels Group Price Performance

The company has a market capitalization of £17.61 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 1.69 and a beta of 0.98. The stock's 50-day simple moving average is GBX 8,603.15 and its two-hundred day simple moving average is GBX 8,741.83. 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.