Shares of InterContinental Hotels Group PLC (LON:IHG - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8,522.34 ($114.21) and traded as high as GBX 9,124 ($122.27). InterContinental Hotels Group shares last traded at GBX 9,124 ($122.27), with a volume of 540,414 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms 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 company a "hold" rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. increased their price objective on InterContinental Hotels Group from GBX 8,300 to GBX 8,500 and gave the company an "underweight" rating in a report on Friday, August 8th. Finally, Citigroup raised their target price on 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. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of GBX 6,136.25.
Get Our Latest Report on InterContinental Hotels Group
InterContinental Hotels Group Price Performance
The firm has a market capitalization of £13.90 billion, a P/E ratio of 1,932.64, a PEG ratio of 1.69 and a beta of 0.98. The business's 50-day simple moving average is GBX 8,828.67 and its 200 day simple moving average is GBX 8,522.34. 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
(
Get Free Report)
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.
Read More
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