InterContinental Hotels Group PLC (LON:IHG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 8,516.93 ($103.98) and traded as high as £100.45 ($122.63). InterContinental Hotels Group shares last traded at £100.35 ($122.51), with a volume of 401,903 shares trading hands.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised shares of InterContinental Hotels Group to a "buy" rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of GBX 5,471 ($66.79).
Check Out Our Latest Research Report on IHG
InterContinental Hotels Group Stock Performance
The company has a market capitalization of £15.96 billion, a price-to-earnings ratio of 3,413.56, a PEG ratio of 1.69 and a beta of 0.98. The business's 50 day moving average is GBX 9,492.53 and its 200 day moving average is GBX 8,529.39.
Insiders Place Their Bets
In related news, insider Daniela Barone Soares sold 328 shares of InterContinental Hotels Group stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($105.04), for a total transaction of £28,221.12 ($34,453.82). Corporate insiders own 5.99% of the company's stock.
About InterContinental Hotels Group
(
Get Free Report)
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.
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