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

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 8,615.67 ($116.37) and traded as high as GBX 8,932 ($120.64). InterContinental Hotels Group shares last traded at GBX 8,827.88 ($119.23), with a volume of 343,920 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on IHG shares. JPMorgan Chase & Co. raised their price objective on 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. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 7,900 target price on shares of InterContinental Hotels Group in a report on Monday, July 21st. Finally, Citigroup increased 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 report on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, InterContinental Hotels Group has a consensus rating of "Reduce" and a consensus target price of GBX 6,098.75.

InterContinental Hotels Group Stock Up 0.9%

The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The company's fifty day simple moving average is GBX 8,760.25 and its 200 day simple moving average is GBX 8,599.35. The firm has a market capitalization of £13.92 billion, a PE ratio of 1,925.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

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.