InterContinental Hotels Group (LON:IHG) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

InterContinental Hotels Group PLC (LON:IHG – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 153.44 and traded as high as GBX 163.25. InterContinental Hotels Group shares last traded at GBX 161.50, with a volume of 619,171 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a report on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 6,683.33.

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InterContinental Hotels Group Stock Down 1.1%

The company has a current ratio of 0.66, a quick ratio of 1.34 and a debt-to-equity ratio of -152.48. The business’s fifty day moving average price is GBX 158.11 and its two-hundred day moving average price is GBX 153.66. The firm has a market cap of £236.20 million, a P/E ratio of 0.33, a P/E/G ratio of 1.69 and a beta of 1.02.

InterContinental Hotels Group Company Profile

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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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