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

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 7,955.68 ($103.29) and traded as high as GBX 8,714 ($113.14). InterContinental Hotels Group shares last traded at GBX 8,714 ($113.14), with a volume of 530,809 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on IHG. The Goldman Sachs Group raised InterContinental Hotels Group to a "buy" rating in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 8,300 ($107.76) target price on shares of InterContinental Hotels Group in a research note on Thursday, August 1st. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 7,400 ($96.08) price objective on shares of InterContinental Hotels Group in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of GBX 5,471 ($71.03).

InterContinental Hotels Group Stock Down 1.6 %

The company has a market cap of £13.60 billion, a P/E ratio of 2,903.12, a PEG ratio of 1.69 and a beta of 0.98. The firm has a 50 day moving average of GBX 7,936.43 and a 200-day moving average of GBX 7,955.68.

InterContinental Hotels Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, August 29th were paid a $0.53 dividend. The ex-dividend date was Thursday, August 29th. This represents a yield of 0.57%. InterContinental Hotels Group's dividend payout ratio (DPR) is currently 4,237.29%.

Insiders Place Their Bets

In related news, insider Ron Kalifa bought 679 shares of the stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of GBX 7,624 ($98.99) per share, for a total transaction of £51,766.96 ($67,212.36). 5.99% of the stock is owned by company insiders.

About InterContinental Hotels Group

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.