InterContinental Hotels Group (LON:IHG) Shares Pass Above 200-Day Moving Average of $7,831.80

InterContinental Hotels Group PLC (LON:IHG)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 7,831.80 ($99.06) and traded as high as GBX 8,392 ($106.15). InterContinental Hotels Group shares last traded at GBX 8,190 ($103.59), with a volume of 397,447 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 84 ($1.06) price target on shares of InterContinental Hotels Group in a report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 5,362.33 ($67.83).

InterContinental Hotels Group Price Performance

The firm has a market capitalization of £13.30 billion, a P/E ratio of 2,360.23, a P/E/G ratio of 1.76 and a beta of 0.97. The firm has a 50-day moving average price of GBX 7,996.48 and a two-hundred day moving average price of GBX 7,831.80.

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.