InterContinental Hotels Group (LON:IHG) Stock Crosses Above 200-Day Moving Average of $7,930.05

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 7,930.05 ($106.19) and traded as high as GBX 8,406 ($112.56). InterContinental Hotels Group shares last traded at GBX 8,344 ($111.73), with a volume of 441,808 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IHG shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 8,300 ($111.14) price target on shares of InterContinental Hotels Group in a research report on Thursday, August 1st. Berenberg Bank reissued a “hold” rating and set a GBX 7,400 ($99.09) target price on shares of InterContinental Hotels Group in a report on Thursday, August 15th. Finally, The Goldman Sachs Group raised shares of InterContinental Hotels Group to a “buy” rating in a report on Wednesday, September 18th. Two 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 5,471 ($73.26).

InterContinental Hotels Group Trading Up 1.4 %

The company’s 50-day moving average is GBX 7,707.55 and its two-hundred day moving average is GBX 7,930.05. The stock has a market capitalization of £13.23 billion, a P/E ratio of 2,867.35, a P/E/G ratio of 1.65 and a beta of 0.98.

InterContinental Hotels Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, August 29th will be paid a $0.53 dividend. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 0.57%. InterContinental Hotels Group’s payout ratio is 4,295.53%.

Insider Buying and Selling at InterContinental Hotels Group

In related news, insider Ron Kalifa acquired 679 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of GBX 7,624 ($102.09) per share, for a total transaction of £51,766.96 ($69,318.37). 6.01% of the stock is owned by corporate insiders.

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.