InterContinental Hotels Group (LON:IHG) Shares Cross Above 200 Day Moving Average – Here’s Why

InterContinental Hotels Group PLC (LON:IHG)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 147.54 and traded as high as GBX 162. InterContinental Hotels Group shares last traded at GBX 160.70, with a volume of 195,286 shares.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating on shares of InterContinental Hotels Group in a research report on Friday, June 26th. UBS Group reaffirmed a “neutral” rating and set a GBX 150 price target on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, InterContinental Hotels Group presently has an average rating of “Hold” and an average price target of GBX 7,025.

InterContinental Hotels Group Price Performance

The firm has a market capitalization of £237.60 million, a PE ratio of 0.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.34 and a current ratio of 0.97. The business’s 50 day moving average is GBX 162.76 and its two-hundred day moving average is GBX 147.54.

InterContinental Hotels Group Company Profile

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.