InterContinental Hotels Group (LON:IHG) Shares Cross Above 200 Day Moving Average - Time to Sell?

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 8,374 ($105.37) and traded as high as £100.60 ($126.59). InterContinental Hotels Group shares last traded at £100.05 ($125.90), with a volume of 39,945 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised InterContinental Hotels Group to a "buy" rating in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 5,471 ($68.84).

InterContinental Hotels Group Stock Down 0.4 %

The stock has a market capitalization of £15.79 billion, a PE ratio of 3,376.27, a PEG ratio of 1.69 and a beta of 0.98. The firm's fifty day moving average price is GBX 9,167.28 and its two-hundred day moving average price is GBX 8,374.

Insider Buying and Selling at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($108.27), for a total transaction of £28,221.12 ($35,511.66). Company 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.