InterContinental Hotels Group (LON:IHG) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

InterContinental Hotels Group PLC (LON:IHG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7,980.72 ($103.50) and traded as high as GBX 8,584 ($111.32). InterContinental Hotels Group shares last traded at GBX 8,576 ($111.22), with a volume of 264,214 shares traded.

Analysts Set New Price Targets

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 8,300 ($107.64) target price on shares of InterContinental Hotels Group in a report on Thursday, August 1st. Berenberg Bank reissued a “hold” rating and issued a GBX 7,400 ($95.97) price objective on shares of InterContinental Hotels Group in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group raised 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 5,471 ($70.95).

InterContinental Hotels Group Trading Down 0.1 %

The firm has a market capitalization of £13.59 billion, a P/E ratio of 2,907.12, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The business has a 50-day moving average of GBX 8,071.63 and a 200 day moving average of GBX 7,980.72.

InterContinental Hotels Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, August 29th were given a $0.53 dividend. This represents a yield of 0.57%. The ex-dividend date of this dividend was Thursday, August 29th. InterContinental Hotels Group’s payout ratio is 4,237.29%.

Insiders Place Their Bets

In related news, insider Ron Kalifa acquired 679 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of GBX 7,624 ($98.87) per share, with a total value of £51,766.96 ($67,133.91). Corporate insiders own 5.99% of the company’s stock.

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.