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

Key Points

• InterContinental Hotels Group's stock price has risen above its 200-day moving average, reaching a high of GBX 9,154 ($121.94) during trading.
• Analysts have mixed opinions on the stock, with one rating it as a Buy, two giving it a Hold, and one a Sell, while the average target price is GBX 6,611.25.
• The company's market capitalization stands at £13.80 billion, with a debt-to-equity ratio of -162.30 and a PE ratio of 1,930.10.

InterContinental Hotels Group PLC (LON:IHG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 8,569.44 ($114.15) and traded as high as GBX 9,154 ($121.94). InterContinental Hotels Group shares last traded at GBX 9,012.51 ($120.05), with a volume of 285,942 shares traded.

Wall Street Analyst Weigh In

Several research firms recently commented on IHG. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the stock a "hold" rating in a research report on Thursday, September 11th. Citigroup boosted their price objective 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. Finally, JPMorgan Chase & Co. upgraded shares of InterContinental Hotels Group to an "overweight" rating and boosted their price objective for the stock from GBX 8,500 to £104 in a research report on Friday, September 26th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, InterContinental Hotels Group currently has a consensus rating of "Hold" and an average target price of GBX 6,611.25.

InterContinental Hotels Group Stock Performance

The company has a market capitalization of £13.80 billion, a PE ratio of 1,930.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. The stock's fifty day simple moving average is GBX 8,935.62 and its 200-day simple moving average is GBX 8,569.44.

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.

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