InterContinental Hotels Group PLC (LON:IHG – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 151.64 and traded as high as GBX 155.30. InterContinental Hotels Group shares last traded at GBX 154.80, with a volume of 39,088,266 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 6,683.33.
Check Out Our Latest Research Report on IHG
InterContinental Hotels Group Price Performance
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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