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

InterContinental Hotels Group PLC (LON:IHG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 8,516.93 ($104.25) and traded as high as £100.45 ($122.95). InterContinental Hotels Group shares last traded at £100.35 ($122.83), with a volume of 401,903 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, InterContinental Hotels Group has an average rating of “Hold” and an average price target of GBX 5,471 ($66.96).

InterContinental Hotels Group Trading Down 0.3 %

The firm has a market cap of £15.91 billion, a price-to-earnings ratio of 3,403.39, a PEG ratio of 1.69 and a beta of 0.98. The firm’s 50 day simple moving average is GBX 9,522.69 and its two-hundred day simple moving average is GBX 8,540.17.

Insider Activity

In other news, insider Daniela Barone Soares sold 328 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($105.31), for a total transaction of £28,221.12 ($34,542.37). 5.99% of the stock is owned by company insiders.

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.