InterContinental Hotels Group (LON:IHG) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of InterContinental Hotels Group PLC (LON:IHGGet Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 152.40 and traded as low as GBX 151.65. InterContinental Hotels Group shares last traded at GBX 153.96, with a volume of 34,365,164 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating on shares of InterContinental Hotels Group in a report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 6,683.33.

Check Out Our Latest Stock Analysis on IHG

InterContinental Hotels Group Trading Up 0.7%

The business’s 50-day moving average price is GBX 158.03 and its 200-day moving average price is GBX 152.53. The firm has a market capitalization of £229.54 million, a PE ratio of 0.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. The company has a debt-to-equity ratio of -152.48, a current ratio of 0.66 and a quick ratio of 1.34.

InterContinental Hotels Group Company Profile

(Get Free Report)

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

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.

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