InterContinental Hotels Group PLC (LON:IHG - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 8,087.87 ($102.34) and traded as high as GBX 9,554 ($120.89). InterContinental Hotels Group shares last traded at GBX 9,487.17 ($120.05), with a volume of 564,504 shares.
Analyst Ratings Changes
A number of equities research analysts have weighed in on IHG shares. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 7,400 ($93.64) target price on shares of InterContinental Hotels Group in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 8,300 ($105.02) price objective on shares of InterContinental Hotels Group in a report on Thursday, August 1st. Finally, The Goldman Sachs Group raised InterContinental Hotels Group to a "buy" rating in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of GBX 5,471 ($69.23).
Read Our Latest Analysis on InterContinental Hotels Group
InterContinental Hotels Group Stock Performance
The company has a 50-day simple moving average of GBX 8,510.32 and a two-hundred day simple moving average of GBX 8,099.30. The firm has a market capitalization of £15.09 billion, a P/E ratio of 3,227.12, a PEG ratio of 1.69 and a beta of 0.98.
Insider Buying and Selling
In related 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 ($108.87), for a total value of £28,221.12 ($35,709.38). 5.99% of the stock is owned by company insiders.
InterContinental Hotels Group Company Profile
(
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InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.
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