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

InterContinental Hotels Group PLC (LON:IHG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8,455.81 ($105.04) and traded as high as £100 ($124.22). InterContinental Hotels Group shares last traded at GBX 9,820 ($121.99), with a volume of 195,427 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of 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 assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, InterContinental Hotels Group currently has a consensus rating of “Hold” and a consensus target price of GBX 5,471 ($67.96).

InterContinental Hotels Group Trading Down 2.1 %

The company has a market capitalization of £15.56 billion, a PE ratio of 3,328.81, a PEG ratio of 1.69 and a beta of 0.98. The company has a fifty day simple moving average of GBX 9,330.86 and a 200-day simple moving average of GBX 8,455.81.

Insider Activity at InterContinental Hotels Group

In related news, insider Daniela Barone Soares sold 328 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($106.88), for a total value of £28,221.12 ($35,057.29). 5.99% of the stock is currently owned by 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.