InterContinental Hotels Group (LON:IHG) Shares Pass Above 200 Day Moving Average – Should You Sell?

InterContinental Hotels Group PLC (LON:IHG) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 9,087.41 ($115.48) and traded as high as £100.10 ($127.21). InterContinental Hotels Group shares last traded at GBX 9,932 ($126.22), with a volume of 840,400 shares trading hands.

Wall Street Analysts Forecast Growth

IHG has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 95 ($1.21) target price on shares of InterContinental Hotels Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 7,800 ($99.12) target price on shares of InterContinental Hotels Group in a research note on Thursday, February 20th. One investment analyst has 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 5,898.75 ($74.96).

InterContinental Hotels Group Trading Up 0.0 %

The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85. The company has a 50 day moving average of £100.45 and a two-hundred day moving average of GBX 9,087.41. The stock has a market cap of £19.91 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Insider Activity at InterContinental Hotels Group

In other news, insider Byron Elmer Grote acquired 400 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of £127.25 ($161.71) per share, for a total transaction of £50,900 ($64,684.20). 5.99% of the stock is owned by company 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.