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

Key Points

• InterContinental Hotels Group shares moved above their 200-day moving average of GBX 157.21, reaching GBX 167.70 before last trading at GBX 160.90 on heavy volume.
• Analyst sentiment remains positive: Jefferies reiterated a “Buy” rating, while three analysts rate the stock Buy and one rates it Hold. The consensus rating is “Moderate Buy”, with an average target price of GBX 6,025.
• IHG operates 20 hotel brands across more than 100 countries, with 6,963 open hotels, over one million rooms and a development pipeline of approximately 2,300 additional properties.

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 157.21 and traded as high as GBX 167.70. InterContinental Hotels Group shares last traded at GBX 160.90, with a volume of 17,438,984 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a "buy" rating on shares of InterContinental Hotels Group in a research report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, InterContinental Hotels Group has an average rating of "Moderate Buy" and an average target price of GBX 6,025.

InterContinental Hotels Group Price Performance

The company has a debt-to-equity ratio of -152.48, a current ratio of 0.66 and a quick ratio of 1.34. The stock's fifty day moving average is GBX 159.46 and its 200-day moving average is GBX 157.21. The stock has a market cap of £237.90 million, a PE ratio of 0.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03.

About InterContinental Hotels Group

Our presence IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties. 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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