InterContinental Hotels Group (LON:IHG) Stock Crosses Above 200-Day Moving Average of $7,752.97

InterContinental Hotels Group PLC (LON:IHG)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 7,752.97 ($98.51) and traded as high as GBX 8,324 ($105.77). InterContinental Hotels Group shares last traded at GBX 8,266 ($105.03), with a volume of 605,624 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 84 ($1.07) price target on shares of InterContinental Hotels Group in a research note on Tuesday, May 21st. JPMorgan Chase & Co. lifted their price target on InterContinental Hotels Group from GBX 5,400 ($68.61) to GBX 6,100 ($77.51) and gave the company an “underweight” rating in a research note on Tuesday, February 27th. Finally, Berenberg Bank lifted their price target on InterContinental Hotels Group from GBX 6,000 ($76.24) to GBX 7,400 ($94.03) and gave the company a “hold” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 5,362.33 ($68.14).

InterContinental Hotels Group Stock Performance

The company has a 50 day simple moving average of GBX 7,939.64 and a 200 day simple moving average of GBX 7,752.97. The company has a market capitalization of £13.42 billion, a PE ratio of 2,382.13, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97.

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.