Free Trial

InterContinental Hotels Group (LON:IHG) Stock Crosses Above 200-Day Moving Average - Here's What Happened

InterContinental Hotels Group logo with Consumer Cyclical background

Key Points

  • InterContinental Hotels Group's stock has crossed above its 200-day moving average, reaching GBX 9,124 ($122.27) in recent trading.
  • Analysts have mixed views on the stock, with target prices ranging from GBX 7,900 to GBX 8,500, and an average rating of "Reduce".
  • The company currently has a market capitalization of £13.90 billion and a P/E ratio of 1,932.64, indicating notable valuation metrics.
  • Five stocks to consider instead of InterContinental Hotels Group.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in InterContinental Hotels Group Right Now?

Before you consider InterContinental Hotels Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterContinental Hotels Group wasn't on the list.

While InterContinental Hotels Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.