InterContinental Hotels Group (LON:IHG) Share Price Passes Above 200-Day Moving Average - Should You Sell?

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 8,331.99 ($105.92) and traded as high as GBX 9,976 ($126.82). InterContinental Hotels Group shares last traded at GBX 9,968 ($126.72), with a volume of 274,016 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of InterContinental Hotels Group to a "buy" rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of GBX 5,471 ($69.55).

InterContinental Hotels Group Trading Down 0.3 %

The business has a fifty day moving average price of GBX 9,111.12 and a two-hundred day moving average price of GBX 8,331.99. The company has a market cap of £15.76 billion, a price-to-earnings ratio of 3,370.17, a P/E/G ratio of 1.69 and a beta of 0.98.

Insider Activity

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($109.38), for a total transaction of £28,221.12 ($35,877.35). Insiders own 5.99% of the company's stock.

About InterContinental Hotels Group

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.