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

InterContinental Hotels Group PLC (LON:IHG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 8,087.87 ($101.82) and traded as high as GBX 9,554 ($120.28). InterContinental Hotels Group shares last traded at GBX 9,487.17 ($119.44), with a volume of 564,504 shares changing hands.

Analyst Upgrades and Downgrades

IHG has been the subject of a number of research analyst reports. Berenberg Bank reissued a “hold” rating and set a GBX 7,400 ($93.16) price target on shares of InterContinental Hotels Group in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 8,300 ($104.49) price target on shares of InterContinental Hotels Group in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 5,471 ($68.88).

InterContinental Hotels Group Price Performance

The stock has a 50-day moving average price of GBX 8,550.32 and a two-hundred day moving average price of GBX 8,111.61. The stock has a market cap of £15.29 billion, a PE ratio of 3,269.15, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Insider Activity at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($108.32), for a total transaction of £28,221.12 ($35,529.55). 5.99% of the stock is currently owned by insiders.

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.